Economist: State departments are fighting the private banks are reluctant role in the economic development of the country

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Economist: State departments are fighting the private banks are reluctant role in the economic development of the country

28.01.2012 | (Voice of Iraq) - Add comments - Baghdad (news) economic expert called on behalf of Jamil to deal with private banks and to give them an active role in the process of economic development of the country, noting that most state departments fighting the private banks by refusing to deal with these banks. Jameel said in a statement to the Agency (news) on Saturday: the Ministry of Finance issued a decree to the government departments and ministries to prevent dealing with private banks and this type of war and the scaling of the role of private banks in the process of economic development of the country, wondering about the reason for the prevention, especially and that these banks are permitted officially operates under the control and follow-up to the central bank, how not to deal with it. He said Jamil supposed to be there to encourage the work of private banks by the departments and ministries of the State in order to build and rebuild the country through the granting of loans for projects or deal with them in other issues and not fight them and restrict their role. He stressed the need to separate and identify the banks of good banks, non-efficient, the fact that there are banks of civil works in accordance with the regulations the global banking beyond the red tape and complications in loan operations and credit, while banks were required to close scrutiny for its work by the Central Bank as contrary to the regulations and banking laws . The Iraqi Oil Ministry announced earlier on the prevention of dealing with (10) banks as a result of a civil violation of laws and banking systems, and the other hand, the Ministry of Finance issued a decision not to deal with all the private banks on the back of it.

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