Zebari underlines the importance of the financial and banking system reform

Brother - Baghdad - Finance Minister Hoshyar Zebari discussed how to consider the re-structuring of bank Rafidain and Rasheed, stressing the importance of the financial and banking system reform.

A statement by the Ministry of Finance received for News Agency (et) today a copy of it, that "the finance minister chaired a meeting with the Governor of the Central Bank was attended by the President of the Board of Supreme Audit, and Director of the Rafidain and Rasheed Bank, and a number of the Ministry of Finance and the Central Bank experts; to consider the restructuring of the two banks mentioned through the comprehensive application of the banking system, and the possibility of increasing the capital of the two banks in order to enable the practice of comprehensive banking operation, including commercial banking. "

He said Zebari, during the meeting the importance of the financial and banking system reform, so that it is consistent with international standards, especially after the Iraq get a credit rating and became part of the movement of global capital markets, and that any delay in the reform process will reflect negatively on the credibility of Iraq in front of the international financial institutions.