Najib: Central Bank allocates billion dollars for the development of the bank sector

BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - Iraqi Central Bank decided to grant the government banks billion divided them according to the controls to improve its banking system and restore its infrastructure.

The Commission said the economy and investment parliamentary Najiba member of Najib's (IMN) said that "the Iraqi Central Bank agreed to grant billion dollars of government banks to Ttaiwiramlha banking," indicating that "the advancement of the economy and other sectors depends on the development of the sector bank through the provision of infrastructure and electronic means used in banks global".

And called for the economic and investment commission in Parliament last week, the General Secretariat of the Council of Ministers to send a draft central bank law and banks and government for the purpose of modified and approved by the Parliament.

Najib added that the "State-owned banks in Iraq face legal restrictions on investment provided for in the Banking Act, where the bank is not entitled to Rafidain and Rasheed dispose of their capital in investment and increase financial revenue."

Economic Adviser to the Prime Minister Mohammed confirmed the appearance last month, that the Banking Act No. 94 of 2004, which includes a lot of mistakes and a lack of terminology in the Arabic language.