President of the Bank the economy: raising the seventh item will give Iraq freedom Iraqi banks to deal with global banks


Date: Saturday 21-01-2012 01: 37 pm



Baghdad (newsletter). Head of the Board of Directors of the Bank the economy Hussam Obeid stressed the importance of the reach of Iraq's output item VII being granted freedom of Iraqi banks to deal with global banks.
He told reporter (News Agency news) Saturday: that Iraq is still subject to section VII of the United Nations which impact on the work of Iraqi banks being given a bad reputation in the international and external work, leading to global banks refused to deal with Iraqi banks.
Obeid pointed to: output from Chapter VII is essential given the freedom to deal with global banks and especially States represented by the UN Security Council, calling the move towards lifting for the promotion of the Iraqi economy and develop the work of Iraqi banks.
However, in saying: once item VII on the Iraq Government banks will serve primarily the fact that most private banks do not have sufficient means to deal with global banks.
The Chairman of the Board of Directors of the Bank the economy: the United Nations established the blockade on Iraq Trade Bank of Iraq for the purpose of assisting the Iraqi economy and reinvigorate banking movement in Iraq, expressing regret that former banking departments did not provide any service to private banks by the Bank of Iraq for trade but fought her did not allow private banks to springboard world banks, mtamla of the current financial management to take disadvantages of the previous administration and reflected in the service of the Iraqi banks which provide a public service For the country.
Mention that when Iraq imposed economic blockade in the 1990s developed under Chapter VII of the United Nations before making him tied to his finance and foreign dealings with./finished/8 l. m/


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