Business: Banking monopoly on friends and the government bears responsibility


Views 20 Date 08/29/2016 - 17:31

BAGHDAD / Economy News ...

He attributed the businessmen and specialists in finance, poor banking sector administration in Iraq to "money men control and exploitation of the funds deposited by banks managers," and held the central government responsible for "the deterioration of the economic situation in the country to lack of planning and organization", while underlining that the banking service has become " exclusive to friends and acquaintances own. "

The head of the Iraqi Businessmen Union is willing Blibl, said that poor management in the banking sector because the money men control it is a stake in the exploitation of the funds deposited by some banks and their managers of private investment and in violation of the law. "

For his part, the Iraqi Businessmen Union member Abdul Hassan Ziadi, if this problem borne by the central government being delayed in the payment of the people in addition to the lack of organization of the economic process in the country, which led to the collapse of the process, "stressing that it was" assumed the central bank to solve this problem Also".

The Ziadi, "the existence of manipulation money depositors by some private banks," returned it to "a serious mistake committed by these banks."

For its part, he indicated CIPE in Iraq actress, Mona earthquake, that banking is true for these banks was one of the reasons being the problem became given to friends and acquaintances banks managers without study. "

He revealed the Iraqi Central Bank on Monday (August 1, 2016), all give him the government banks until next September, to adapt itself to electronic systems and transactions, while among the beneficiaries and users proportion of those dealings in Iraq, "not to exceed" ten percent, favored the possibility of the contribution of orientations expansion use and benefit from 77 percent of the money supply in the possession of citizens outside the banks, get rid of the cash circulation problems.

The Central Bank of Iraq, announced on Wednesday (22 June 2016), not to deal with customers who were struggling permits special customs Bastiradathm or who relied forgery requests, while committed banks and remittance to submit the names of those customers for the purpose of uncles to prevent access to the currency foreign future.
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