Iraqi economists: the opening of branches of international banks will cash value of the work in the country by 26 percent
23/11/2010
Baghdad, The two economists Iraqis, Tuesday, to increase the work of international banks in Iraq will work cash by 26% than it is now and will enable Iraq to see the banking world.
The economist said Sirwan Kirkuki to Kurdistan News Agency (Rn), said that "the continuation of the opening of international banks in Iraq will work cash by 26% what it is now and will put Iraq in front of the evolution of monetary enormous, especially if the benefit of private banks and government of the mechanism of action of the branches of international banks in the country" .
Kirkuki explained that "the banking performance in the world arrived in the advanced stages, and the opening of banks of countries that have economic impact in the region such as Iran, Turkey and Kuwait means that the need to move Iraq in that direction."
"The banking business in Iraq, both private and government need to move towards the update mechanisms of action during the vulnerability of the banking experience of international banks."
In turn, said the economist Joseph Nagy's (Rn), "The banking business in Iraq is not a regular because of the absence of a law demonstrates the mechanism of action and the nature of its relations with government institutions and investment companies, therefore, requires the development of controls to determine the mechanisms of banking work."
He explained that "countries that have investment companies operating in Iraq are the opening of banks in a number of provinces, to loss of confidence sinks Iraqi government and private" ...
23/11/2010
Baghdad, The two economists Iraqis, Tuesday, to increase the work of international banks in Iraq will work cash by 26% than it is now and will enable Iraq to see the banking world.
The economist said Sirwan Kirkuki to Kurdistan News Agency (Rn), said that "the continuation of the opening of international banks in Iraq will work cash by 26% what it is now and will put Iraq in front of the evolution of monetary enormous, especially if the benefit of private banks and government of the mechanism of action of the branches of international banks in the country" .
Kirkuki explained that "the banking performance in the world arrived in the advanced stages, and the opening of banks of countries that have economic impact in the region such as Iran, Turkey and Kuwait means that the need to move Iraq in that direction."
"The banking business in Iraq, both private and government need to move towards the update mechanisms of action during the vulnerability of the banking experience of international banks."
In turn, said the economist Joseph Nagy's (Rn), "The banking business in Iraq is not a regular because of the absence of a law demonstrates the mechanism of action and the nature of its relations with government institutions and investment companies, therefore, requires the development of controls to determine the mechanisms of banking work."
He explained that "countries that have investment companies operating in Iraq are the opening of banks in a number of provinces, to loss of confidence sinks Iraqi government and private" ...
But he also said (this is the good part)
"But this means that Iraq has begun to open up gradually on the economic horizon in the world, and this is calculated for the political economic administered by the Ministry of Finance and Central Bank of Iraq. "
It is hoped that Iran will open some of the private banks in the governorates of Iraq aimed at facilitating the work of its investment.
The Ministry of Finance of Iraq, Monday, the past that Iranian banks to be opened in Iraq, Autlk which opened during the last term, for are excluded the United Nations decision to prevent the economic activities of Iran in the rest of the world, and therefore has been issued Aqrarpavttahaa, has begun to undertake their work.
It is hoped that Iran will open some of the private banks in the governorates of Iraq aimed at facilitating the work of its investment.
The Ministry of Finance of Iraq, Monday, the past that Iranian banks to be opened in Iraq, Autlk which opened during the last term, for are excluded the United Nations decision to prevent the economic activities of Iran in the rest of the world, and therefore has been issued Aqrarpavttahaa, has begun to undertake their work.
