*****Mayahi: entry of foreign banks to Iraq reality will promote the country's investment
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*****Mayahi: entry of foreign banks to Iraq reality will promote the country's investment
Admin Sat Aug 24, 2013 9:19 am
24-08-2013 07:46 AM
Baghdad (news) .. Male member of the Finance Committee MP / National Alliance / Abdul Ameer Mayahi, that the desire of foreign banks discreet to open branches in Iraq will contribute to the advancement of the investment process and strengthening the banking activity in the country and motivated by the development.
He said Mayahi (of the Agency news): that the entry of global banks that have a long tradition in the field of banking and well-known at the level of the World for Iraq and open branches in Baghdad and the provinces will achieve positive results for the Iraqi economy, in terms of its contribution to the advancement of the reality of investment and to create an atmosphere competitive between them and the local banks .
He continued: and so it will affect the dinar exchange rate by increasing the price in front of hard currency, so that should be encouraged banks to open branches in the country, and take advantage of their expertise in the development of the Iraqi banking sector, which still suffers from underdevelopment.
He added: It did not need legislation to new legal or amendments to some laws in order to bring global banks, and that it took the House of Representatives and the Finance Committee are prepared to legislate a law that allows for the entry of those banks and facilitate its work in Iraq in order to serve the country.
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Baghdad (news) .. Male member of the Finance Committee MP / National Alliance / Abdul Ameer Mayahi, that the desire of foreign banks discreet to open branches in Iraq will contribute to the advancement of the investment process and strengthening the banking activity in the country and motivated by the development.
He said Mayahi (of the Agency news): that the entry of global banks that have a long tradition in the field of banking and well-known at the level of the World for Iraq and open branches in Baghdad and the provinces will achieve positive results for the Iraqi economy, in terms of its contribution to the advancement of the reality of investment and to create an atmosphere competitive between them and the local banks .
He continued: and so it will affect the dinar exchange rate by increasing the price in front of hard currency, so that should be encouraged banks to open branches in the country, and take advantage of their expertise in the development of the Iraqi banking sector, which still suffers from underdevelopment.
He added: It did not need legislation to new legal or amendments to some laws in order to bring global banks, and that it took the House of Representatives and the Finance Committee are prepared to legislate a law that allows for the entry of those banks and facilitate its work in Iraq in order to serve the country.
http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=http://www.ikhnews.com/index.php%3Fpage%3Darticle%26id%3D98299&usg=ALkJrhg4N_vFD_FcKK6VN2sH6lZe_0dA0w#sthash.CLq6oVc6.dpuf
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