Baghdad (news) .. Rejection of a member of the Committee of Economy and Investment MP / coalition of Kurdish blocs / Jassim Mohammed Hussein, the idea of reducing the government and banks to rely on private banks in the conduct of the financial matters of state.
Hussein said (of the Agency news): The proposal made by some economists to reduce the number of government banks and rely on private banks "is not successful" and does not serve the country at the moment, because these banks only works to their advantage and to achieve profits.
He added: that relying on private banks in the financial conduct of matters of state under the current circumstances, which abandoned legislation sober and strict control on the work of banks would harm the national economy, especially since some banks have experienced in recent corruption and smuggling of money.
This has been suggested by a number of economists and financial experts to reduce government banks by integrating each other and rely on civil private banks in the country for the purpose of giving the actual role of the private sector for the advancement of the national economy.
It is noted that the banking system in Iraq consists of forty-three banks as well as the Central Bank and distributed according to ownership between (7) state banks and (30) Bank Ahli including (7) Islamic banks in addition to (6) of foreign banks. / End / 8. N . p /