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rule out the adoption of a special law to banks in the current parliamentary session

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 rule out the adoption of a special law to banks in the current parliamentary session Empty rule out the adoption of a special law to banks in the current parliamentary session

Post  Admin Sat Aug 17, 2013 9:05 am

17-08-2013 11:36 AM

Baghdad (Alakhbarbh) ... A member of the Economic Commission ruled the National Alliance MP Hussein المرعبي, adoption of a special law to banks in the current parliamentary session, but Sharing study and prepare for the next session.

He said المرعبي (of the Agency news): The law requires banks to

Introductions to the first of the central bank because it is the sponsor of these banks and the supervisor of all of them and Altalmyat issued to banks is one of the exported, adding that the Banking Act currently used very old has developed since the time of primer before the Constitution and has some of the paragraphs violation and needs to reconsider the Central Bank Law Act 54 years 2004.

He pointed out: that all countries in the world based on the banking system is modern and without updating the rules and stay on the automatic and routine boring and old policies will lead to the reluctance of companies that rely on banking environment in their work, noting that the Banking Act in Iraq is sober and repellent to many international companies that work with hundreds of dollars, in addition to that Iraq does not have the banks have the ability to manage the vast amount of money if Maarad investment for residential units.

He ruled: that is approving the Banking Act in the current session being saddled with a lot of important laws, which regrettably could not so far be passed, but he also said he adversely affected from discussion of law in the current session and presented to the experts, economists, bankers and approved in the parliamentary session Next.



It is noted that the banking system in Iraq consists of forty-three banks as well as the Central Bank and distributed by ownership between (7) state banks and (30) Bank Ahli including (7) Islamic banks in addition to (6) of foreign banks.



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