Claim the legislation supports the investment law

[k98nights]

Claim the legislation supports the investment law      

 

 

06/2/2014 12: 00 am

Baghdad-Chartreuse, Chen

Secretary of the Federation of Chambers of Commerce to change the package of economic laws chock to investment laws as corporate law and tax law and labor law.

The Secretary of the Union, said Abdul Hussein blessed that placed the private sector discussed many times in the economic committees of the General Secretariat of the Council of Ministers and the Ministry of planning and the relevant ministries to develop the private sector and employment legislation and appropriate private sector trends. He noted that the law gives full freedom of banking transactions as it deems appropriate boards pointing out that this freedom is missing in banking law. He noted that blessed banks to be like the rest of its surrounding countries with experience of the Jordanian Kingdom and how the banks there to engage in import and export operations, adding to» morning that private banks are not commercial operations while its commercial pointing out that their work restricted to deposit and withdraw funds without providing services Other banking for customers as well as the Central Bank sold the dollar Iraqi assets auctioned by private banks, saying that this work did not achieve economic feasibility.

Of the parliamentary Finance Committee said that there were "a series of measures adopted by the Commission to improve the economic stability of the Iraqi currency against other currencies." a source on the Committee said the Central Bank is trying to maintain the stability of banks in particular through checks and instructions issued by the host that the Finance Committee '' had not only the stability of the banks but also seeks to develop and ensure their participation in the building of the Iraqi economy to genuinely increase the capital through deposits that often comes from Ministries of State and its various institutions as well as citizens ' deposits. Pointing out that these deposits were probably afraid of resorting to public and private banks in particular that the Commission considered that legislation ensures that deposits and protects. '' said the parliamentary Finance Committee that the Central Bank would be obliged to protect bank deposits through the law that Parliament will legislate him later.

 

http://www.alsabaah.iq/ArticleShow.aspx?ID=63801

[TBomb]

http://www.iraq-lg-law.org/en/node/2555

 

"Rules of Procedure (4) for the year 2013, the formations of the National Investment  Arabic  Original Document  16 Jan 2014"

 

I don't know if this is just an amendment or an official announcement, or something to do with the law or not, because it's an Arabic PDF - no copy nor paste

[sandfly]

THANKS