The parliamentary economy warns the central bank of the policy of classification of banks

From 2017-05-31 at 15:23 (Baghdad time)

Baghdad - Mawazine News

The Committee on Economy and Investment parliamentary warned on Wednesday the central bank to continue the policy of classification of banks to varying degrees to participate in the window of the auction.

"The central bank's policy is one of the reasons for the corruption of its employees because it did not comply with the law that stipulates equality and non-discrimination between banks," said Ahmed Salim al-Kanani, chairman of the committee. The Central of the professional and legal methods in dealing with Iraqi banks and away from what we see today, in the Central Bank of conflicts of interest and predominance in the moods and the tendency to reward the party and punish another party without a professional and legal standard.

Kanani pointed out that "manipulating the implementation of the policy of the Central Bank through individual appetites not based on sound economic fundamentals may bring risks to the economy of Iraq, which is undergoing great challenges under the exceptional circumstances experienced by the Iraqis," but he said, "We also call the central bank administration To close the doors encouraged by corruption by some employees of the Central Bank, which puts the reputation of this ancient institution to danger and lose confidence, which reflected negatively on the overall monetary situation in the country, including impact on the value of the national currency.

The committee called for "commitment to neutrality, non-discrimination between banks, equal treatment in the currency sale window and the abolition of the tax policy based on discretionary calculations to avoid resorting to questioning and questioning under the parliament."

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