Head of the Bank of the economy: you must modify the decision of the Ministry of Finance to deal with the prevention of private banks

[alan_coaks_3]

4 - 29 - 2012

Baghdad (newsletter) ... The President of the Board of Directors of the Bank Hussam economy importance of slaves to amend decision former Finance Minister Baqir bodyguards who prevent treat State services with private banks, describing him as a "wrong" decision role of private banks in Bank discharge of duties.

Said Abeid (News News Agency): it became necessary to amend the decision by former Finance Minister Baqir Jabr bodyguards before the House of representatives, Ministers and even the Ministry of finance, which prevented State agencies and ministries are treated exclusively with private banks, making its work limited only to issue letters of guarantee and accept deposits from individuals.

He added: that behind the basic constraints and problems afflicting private banks are responsible politicians being issuing resolutions do not serve Iraqi banks, continued: "we met senior officials in the State and Finance Minister Rafe Al-Issawi to amend this resolution, but it looks that there are negative before the private banks went and Government support.

And invited the Chairman of the Board of Directors of the Bank the economy: the need to support special private banks and urged State departments and ministries to deal with in order to have strong global banks and Iraq with large capital.

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