The required restructuring of government banks and (TBI) was created for a transitional period and must be terminated
Wrote the editor of economic affairs
Held two days ago in the capital Baghdad, an important banking meeting attended by a number of heads of government banks (Rafidain, rational, housing, trade, agriculture, real estate) and a number of heads of private banks and the President of the Association of Iraqi banks and a number of personalities interested in financial affairs and economy was in the presence of representative The Central Bank of Iraq is the Director General of the Investment Department and representatives of the US Correspondent Banks, whose owners are not connected to the US government, and representatives of the US Embassy in Baghdad, Larry Mimot, Minister for Economic Affairs, and Andrew Kalwoshi, The objectives of this meeting are numerous and important. First and foremost, it is to support the private sector, especially the banking sector, and promote it to the level of ambition and in line with the requirements of the stage and its economic challenges. The former MP, known for his honest economic and financial theories, The state is now working on structuring government banks, especially the Iraqi Trade Bank (TBI), as it was established in a transitional period, ie, at the time of the former civil governor, Paul Bremer, and the necessity calls for an end to its work and there is no need for it. Al-Hafiz said that the private sector should develop the national economy and play a role similar to what is found in neighboring or global countries, especially the experience of the United States and the United Arab Emirates and the economic and financial sources that Iraqi government banks hold (90%) of state deposits and that the private sector is devastating This is one of the reasons for the opposition of the International Monetary Fund and the World Bank and even the international community and praised the economic figures and financial Iraqi role played by Mr. (Ali Alalak) Governor of the Central Bank of Iraq through his wise measures and guidance and support to the banking sector to The level of the desired despite the current crisis in Iraq is a severe financial crisis caused by an unprecedented drop in the price of oil exported abroad and surprised and even insulted these characters the speech by the Director of the Iraqi Bank for Trade (TBI) Faisal Al-Hims in this meeting because of the words shameful and about The lack of understanding and the absence of mature vision, where he accused Humms Iraqi private banks and described as (Mtlkih) and the problems and fines such as Warka banks and Dar Al-Salam and the North and the state and people lost confidence in them and really flawed that this defamation took place before representatives of US correspondent banks, which seeks to strengthen and open But the head of the Association of Iraqi Banks and others responded by saying that Homs instead of calling for the revival and support of private banks or private banks called for the abuse of them and forgot that the bank which is currently under his administration must be written off It and other government banks to remain the Central Bank of Iraq is the only financial institution that manages the Iraqi financial affairs and sponsors the private economic sectors because the future is for the private sector .. It should be noted that a conference will be held in October this year in New York with the Association J. A conference on correspondent banks with US banks.
(New evidence) appeals to all officials to support the Central Bank of Iraq and stand by his side as well as support banks and civil banks because they are economic fronts on which we build great hopes in our future renaissance.
SOURCE
Wrote the editor of economic affairs
Held two days ago in the capital Baghdad, an important banking meeting attended by a number of heads of government banks (Rafidain, rational, housing, trade, agriculture, real estate) and a number of heads of private banks and the President of the Association of Iraqi banks and a number of personalities interested in financial affairs and economy was in the presence of representative The Central Bank of Iraq is the Director General of the Investment Department and representatives of the US Correspondent Banks, whose owners are not connected to the US government, and representatives of the US Embassy in Baghdad, Larry Mimot, Minister for Economic Affairs, and Andrew Kalwoshi, The objectives of this meeting are numerous and important. First and foremost, it is to support the private sector, especially the banking sector, and promote it to the level of ambition and in line with the requirements of the stage and its economic challenges. The former MP, known for his honest economic and financial theories, The state is now working on structuring government banks, especially the Iraqi Trade Bank (TBI), as it was established in a transitional period, ie, at the time of the former civil governor, Paul Bremer, and the necessity calls for an end to its work and there is no need for it. Al-Hafiz said that the private sector should develop the national economy and play a role similar to what is found in neighboring or global countries, especially the experience of the United States and the United Arab Emirates and the economic and financial sources that Iraqi government banks hold (90%) of state deposits and that the private sector is devastating This is one of the reasons for the opposition of the International Monetary Fund and the World Bank and even the international community and praised the economic figures and financial Iraqi role played by Mr. (Ali Alalak) Governor of the Central Bank of Iraq through his wise measures and guidance and support to the banking sector to The level of the desired despite the current crisis in Iraq is a severe financial crisis caused by an unprecedented drop in the price of oil exported abroad and surprised and even insulted these characters the speech by the Director of the Iraqi Bank for Trade (TBI) Faisal Al-Hims in this meeting because of the words shameful and about The lack of understanding and the absence of mature vision, where he accused Humms Iraqi private banks and described as (Mtlkih) and the problems and fines such as Warka banks and Dar Al-Salam and the North and the state and people lost confidence in them and really flawed that this defamation took place before representatives of US correspondent banks, which seeks to strengthen and open But the head of the Association of Iraqi Banks and others responded by saying that Homs instead of calling for the revival and support of private banks or private banks called for the abuse of them and forgot that the bank which is currently under his administration must be written off It and other government banks to remain the Central Bank of Iraq is the only financial institution that manages the Iraqi financial affairs and sponsors the private economic sectors because the future is for the private sector .. It should be noted that a conference will be held in October this year in New York with the Association J. A conference on correspondent banks with US banks.
(New evidence) appeals to all officials to support the Central Bank of Iraq and stand by his side as well as support banks and civil banks because they are economic fronts on which we build great hopes in our future renaissance.
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