Video: This is what suffered by the Iraqi banking system

Saturday 27 September 2014 12:52


Despite the passage of more than eleven years to change, but Iraq still depends banking system is not in line with the size of the development challenges and reason as parliamentarians is to attribute to the lack of laws to do the banking sector and reconsider Bhacleth.

The Mehdi al-Hafez , a member of the House of Representatives that "the banking system is underdeveloped compared with the development objectives in Iraq, and we need to study and develop new methods of reform, for example, must be re-structured government banks the Central Bank Law."


Furthermore, not only the development of the banking system in Iraq to conduct legislative reforms are needed, according to economists provide security and political stability as well as the availability of energy sources.

He said high-Ali, an economist that "the policy of quotas and the lack of interest has an impact on the economic situation and the industrial sector."

And saw Majid picture, an economist that "economic incubator for banks confused and suffering from major problems because of the turmoil security, and the lack of electricity led to the obstruction of development which led to the obstruction of the banks."
Building a modern banking system depends on the basis of the administrative order from the facilities would bring about a change in the fast growth of the Iraqi economy.


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