Parliamentary Finance plans to enact a law to restructure the Rafidain and Rasheed

November 20, 2014 11:44




Agency reported dinars, the parliamentary finance committee, revealed its intention to restructure the legislation law Rafidain and Rasheed to free them from the domination of the Ministry of Finance, in the past indicated it to work on the development of the banking system in Iraq.

A member of the committee MP Faleh Djiashi told BD: "The committee is working on legislation to restructure the banks and government Rafidain and Rasheed to free them from the domination of the Ministry of Finance and imbedded two major banks competitors, domestic and foreign banks law", adding that "this project will be presented to the Presidency of the parliament in the next few days to discuss and vote on it. "

He added: "The House of Representatives, especially the parliamentary finance committee Jahdon working to upgrade the Iraqi banking system through the support of the banking sector legislation of laws," stressing "the importance of the Banking Act legislation to support the banking sector in the country."

It is noteworthy that the Iraqi Rafidain Bank government, was founded in Baghdad in 1941, the first Iraqi commercial bank. Spreads has 146 branches in Iraq.


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