Radio Tigris - 28/03/2010
Finance to put strict controls on the private banks because they did not lead role ...
The Ministry of Finance decided to put tougher controls on banks because they were not anticipated a role in the economic movement in Iraq, according to Undersecretary of the Ministry of Finance Fadel prophet.
The Prophet said in a press statement that it "was the opening of a large number of private banks in a relatively short time, but these banks have not been able to play its supposed to, which led to the occurrence of some of the problems," noting that "it is expected the number of bankruptcy cases."
Adding that "the Government and the Ministry of Finance and Iraqi economists agreed that it was necessary to put more emphasis on the conditions of the existing banks, as well as procedures to establish private banks in the future."
He said that the Prophet "The ministry decided to help these banks to play a role in the economic and reconstruction in Iraq, and promised her a significant aid in the future, but failed to perform its role, the ministry was forced to reverse the decision to help her."
http://translate.googleusercontent.com/translate_c?hl=en&sl=ar&tl=en&u=http://www.iraqdirectory.com/DisplayNewsAr.aspx%3Fid%3D12026&rurl=translate.google.com&twu=1&usg=ALkJrhgwTlL8lKw6v3LMlfwvCPseMfX4gg
