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New CBI Announcement 11/17/2013

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  • Assesses the Iraqi Central Bank Workshop on proposals to amend the Banking Law and the Law of the Central Bank of Iraq and the anti-money laundering law for the period from 11/24/2013 -2013/11/28 and receive suggestions and views on amending the laws listed on the e-mail ( 

2013 / 11/17 Translated

 Assesses the Iraqi Central Bank Workshop on
Proposals to amend the Banking Act and the Central Bank Law
Iraqi and anti-money laundering law for the period from
 . 2013/11/28- 11/24/2013
And receive suggestions and opinions on amending the laws listed on the
 . ( e-mail
 Central Bank of Iraq
Edited by yota691

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I'm hoping that article 28 of the banking act is what they are going to discuss amending.  


There are a few old articles out their discussing this.


Deputy: Article (28) of the Banking Act needs to be adjusted in accordance with the policy of a free market economy

·                               07-06-2013 12:44 PM



Baghdad (news) .. According to a member of the Finance Committee MP / National Alliance / Abdul Hussain al-Yasiri, the importance to make amendments to the Banking Act, especially Article (28), according to the policy of a free market economy to support the Iraqi private sector. 

Yasiri said (of the Agency news): The support of the private sector and the advancement of the process of investment you need to make amendments to some important laws that have been legislation previously in the House, including the law (banks, companies and investment and tax), form fit with the policy of free market economy.

He added: that the private sector must take the leading role in Iraq to promote the growth of the Iraqi economy, pointing out that the Constitution allowed for in Article (25) to give an important role for the private sector in the promotion of the country's economy.

He noted: Article (28) of the Act banks to اتساعد the support of the private sector and investment in the country, they need to be modified to boost investment in Iraq. / End / 8.'s. M / 


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Edited by Butifldrm
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I"ve been doing a little more research on this subject and I found this article very interesting!


Haider Ali Jawad - 09/23/2012 - 10:22 p | Hits: 780


Central Bank of Iraq, the Conference of banks, which was held in London last week called to amend the Iraqi investment law. said the deputy governor of the Central Bank of the appearance of Mohammed Saleh in a statement to the National Iraqi News / Nina /: "The conference, which was held in London, attended by governmental institutions, discussed the obstacles coming investment to Iraq with companies and foreign banks. " He added: "The conference came out with recommendations the most important amendment Iraqi investment law, in relation to the allocation of land and تمليكها and to create a suitable ground for the arrival of foreign companies that have expressed their desire to enter the Iraqi market." He explained, "that the conference was held in the largest financial center in the world, to discuss the financial sector, investment and the convergence of views between Iraq and the countries of the world in relation to overcoming obstacles and to discuss investment opportunities offered in all the provinces and urban centers of Iraq. " and pointed out that "the presence of government institutions, the conference reinforced the credibility and the desire of Iraq coming companies investment for the reconstruction of infrastructure, as Congress saw the international presence and a wide range of international companies are different. The Iraqi delegation high-level attended the investment conference in the banking sector and Iraqi banks, which was held in London on 18 and 19 of this month.sources described the financial Iraqi statements to the media earlier, this conference, as: "will make Iraq a bank to finance the economies bankrupt and saving banks, Europe and the United States, as is the case with the banking sector Gulf, and the view Iraqi officials investment opportunities in the financial sector will pave the sale of Iraq's banking sector, foreign, and thus lead to the enactment of laws to facilitate penetration of foreign companies to the banking sector of Iraq, and identify key projects for the start of the project penetration of financial. " But an economist at the Ministry of Finance Hilal Taan said in an earlier statement to the National Iraqi News / Nina /: "The financial sector in Iraq is the central bank and the stock market and banks government and private, so it can not be definitely selling this sector to any third-party whatever their nationality. " and added: "The Iraqi banks need to gain experience of Arab banks and foreign, being more sophisticated ones, and it comes through a merger between banks for years to be determined by agreement between the the merging parties


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