Al-Kazemi's advisor reveals a plan to reform the country's banking system

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Al-Kazemi's advisor reveals a plan to reform the country's banking system

Editing Date: 8/6/2020 18:59 • 55 times read

Ayna News - Baghdad

, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed, on Monday, a plan to reform the country's banking system.

Saleh said to the Iraqi News Agency, "There is a problem in the installation of the Iraqi banking system and the division of its market related to the dominance of government banks over 90% of the assets of the banking system and that their number does not exceed seven government banks, while private banks, estimated at 70 foreign banks and branches, do not constitute their assets Only 10% of the assets of the banking system. "

He added that "there is a strong reform plan to turn these banks into an effective force in moving the liquidity of the economy and directing it in a way that serves the Iraqi economy in moving investment opportunities."

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Exactly private banks are the key and getting cash to the banks sitting in homes will only happen with a change in rate!

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the government's economic advisor announces a plan to reform the banking system in iraq

Author: Ahad5 On 8/6/2020 - 6:15 PM  253

Al Ahed News

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed today, Monday, a plan to reform the country's banking system.

Saleh told the official agency, “There is a problem in the installation of the Iraqi banking system and the division of its market related to the dominance of government banks on 90% of the assets of the banking system, and that their number does not exceed seven government banks, while private banks, estimated at 70 foreign banks and branches, do not constitute Its assets are only 10% of the assets of the banking system. ”

He added that "there is a strong reform plan to turn these banks into an effective force in moving the liquidity of the economy and directing it in a way that serves the Iraqi economy in moving investment opportunities."