The economic and banking adviser to the Association of Iraqi Private Banks, Samir Al-Nusairi, revealed the orientation of the government and the banking sector for economic, financial and banking cooperation with the Gulf states.
An Iraqi banking delegation headed by central bank governor Ali Al-Alak visited Saudi Arabia last week at the invitation of the Saudi Arabian Monetary Agency to discuss prospects for cooperation between the two countries.
Al-Nasiri said in an interview with "Economy News" that "the Iraqi banking sector is the main link in the economy and participate in the development process, although the economy suffers from a structural imbalance led to the failure to fully investigate the stability of the monetary system and financial system over the past 14 years as a result of unilateral economy The war on terror, the instability of the business environment, the challenges of a deficit in non-oil revenue and the balance of payments deficit. "
The economic and banking adviser to the Association of Private Banks, that there is a direction by the Iraqi state opening up to the Gulf states in the light of the formation of the Iraqi-Saudi coordination council, which seeks to develop economic and financial relations between Iraq and Saudi Arabia, noting that a number of Iraqi banks wish and welcomes contributions to the Saudi banks Iraqi private banks and the opening of branches of Saudi banks in Iraq to promote joint cooperation between the parties.
Al-Nusseiri suggested that the Iraqi government should be established equally between the private and public sectors and the mentality of the market economy, and that there be a representative of the private sector in the Council of Ministers, in addition to involving the private sector in economic delegations visiting the Gulf, Arab and foreign countries.
Al-Nasiri stressed the need to review the economic legislation, some of which do not correspond to the challenges of the stage and the development of the economy, noting that the Association of Iraqi private banks are working continuously and in accordance with visions of the Iraqi Central Bank to strengthen relations with US banks and European, regional and Arab.
SOURCE
An Iraqi banking delegation headed by central bank governor Ali Al-Alak visited Saudi Arabia last week at the invitation of the Saudi Arabian Monetary Agency to discuss prospects for cooperation between the two countries.
Al-Nasiri said in an interview with "Economy News" that "the Iraqi banking sector is the main link in the economy and participate in the development process, although the economy suffers from a structural imbalance led to the failure to fully investigate the stability of the monetary system and financial system over the past 14 years as a result of unilateral economy The war on terror, the instability of the business environment, the challenges of a deficit in non-oil revenue and the balance of payments deficit. "
The economic and banking adviser to the Association of Private Banks, that there is a direction by the Iraqi state opening up to the Gulf states in the light of the formation of the Iraqi-Saudi coordination council, which seeks to develop economic and financial relations between Iraq and Saudi Arabia, noting that a number of Iraqi banks wish and welcomes contributions to the Saudi banks Iraqi private banks and the opening of branches of Saudi banks in Iraq to promote joint cooperation between the parties.
Al-Nusseiri suggested that the Iraqi government should be established equally between the private and public sectors and the mentality of the market economy, and that there be a representative of the private sector in the Council of Ministers, in addition to involving the private sector in economic delegations visiting the Gulf, Arab and foreign countries.
Al-Nasiri stressed the need to review the economic legislation, some of which do not correspond to the challenges of the stage and the development of the economy, noting that the Association of Iraqi private banks are working continuously and in accordance with visions of the Iraqi Central Bank to strengthen relations with US banks and European, regional and Arab.
SOURCE