Appendix: establish a body dealing with banks is a positive step

05-08-2013 10:33 AM

Baghdad (news) .. Ruled competent in economic affairs Dargham Muhammad Ali, the establishment of an independent body dealing with banks, stressing that the central bank is concerned party and sponsors and banks that are wide open to the general lines of the work of banks.

Said Mohammed Ali (of the Agency news): The work of the central bank is monitoring the performance of banks and ensure the depositors' money where follow-through continuous workflow where, in addition to policy-making and public interest and the nature of the credit and give the value of the reserves compulsory deposit to the bank to these banks.

He added: that the establishment of the body concerned with the banks is in place in which all countries of the world, noting that it is a positive step because banks must possess independence in policy.

And: that there are bodies such as the Federation of Iraqi banks and the Government of the civil society organizations work assembling opinion and supplement the common policies of the banks studies to develop their work but they are not the Her sinks decision.

The parliamentary Finance Committee called for the establishment of a special independent body concerned with the affairs of Iraqi banks are in isolation from the central bank to support the development of the banking sector in the country. / End / 5.. /


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