Wadih Bitter melon: the central bank will solve the problem of citizens' deposits in
Wadih Bitter melon: the central bank will solve the problem of citizens' deposits in private banks
By Hussein Zangana 6 hours ago
Roudao - Erbil
The head of the Association of private banks in Iraq, Wadih Handal, that 95% of oil imports are deposited in state banks, pointing out that there is a financial mishaps in private banks.
He said Wadih Handal, during his participation at the crossroads of the Middle East economy (Mary) in Erbil, the network Roudao media, "the private banks in the world are the backbone of life, and in Iraq do not receive government support, and 95% of oil imports are deposited in state banks, and did not take Iraqi private banks role for development. "
He added, "an economic crisis in Iraq occurred and became there a financial mishaps in private banks, the central bank is seriously working to find solutions by giving them loans against collateral, and a portion of these loans will be resolved deposits of citizens, which caused part of the concern existing in the Iraqi market problems."
Handal said, that "the central government does not give a large role for the private sector for sustainable development in the country," adding that he "must be on the private sector to take its role properly to achieve economic development in Iraq."
The President of the Association of private banks in Iraq and Wadih Handal, the high price of the dollar, saying that "Iraq is passing through a war and everything is imported, industrial and agricultural ineffective sector in the country, and this has led to rising dollar prices."