Business: Banking monopoly on friends and the government bears responsibility

 Baghdad / term

He attributed the businessmen and specialists in financial affairs, on Sunday, ill banking sector administration in Iraq to "money men control and exploitation of the funds deposited by banks managers," and held the central government responsible for "the deterioration of the economic situation in the country to lack of planning and organization", while underlining that the service banking has become "the preserve of the friends and knowledge."

The head of the Iraqi Businessmen Union is willing Blibl in an interview (range Press), "The mismanagement in the banking sector because the money men control it is a stake in the exploitation of the funds deposited by some banks and managers of their private investment and in violation of the law."

For his part, the Iraqi Businessmen Union member Abdul Hassan Ziadi, in an interview with (long-Presse), said that "this problem borne by the central government being delayed in the payment of the people in addition to the lack of organization of the economic process in the country, which led to the collapse of the process," stressing that "it was supposed central bank to solve this problem as well."

The Ziadi, "the existence of manipulation money depositors by some private banks," returned it to "a serious mistake committed by these banks."

For its part, he indicated CIPE in Iraq actress, Mona earthquake, in an interview to the (long-Presse), that "banking is true for these banks was one of the reasons the problem having become given to friends and acquaintances banks managers without study."

He revealed the Iraqi Central Bank on Monday (August 1, 2016), all give him the government banks until next September, to adapt itself to electronic systems and transactions, while among the beneficiaries and users proportion of those dealings in Iraq, "not to exceed" ten percent, favored the possibility of the contribution of orientations expansion use and benefit from 77 percent of the money supply in the possession of citizens outside the banks, get rid of the cash circulation problems.

The Central Bank of Iraq, announced on Wednesday (22 June 2016), not to deal with customers who were struggling permits special customs Bastiradathm or who relied forgery requests, while committed banks and remittance to submit the names of those customers for the purpose of uncles to prevent access to the currency foreign future.

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