Parliamentary economy: agreement to pay depositors money banks

2016/10/7 11:50

{Baghdad: Euphrates news}, a member of the Parliamentary Committee on the economy and investment, Harith al-Harithi, the agreement with the banks to repay the funds deposited to the depositors.

The Agency said al-Harithi {Euphrates news}, "after a long discussion with the Director of the Central Bank and joint meetings with the directors of banks, we came to mutual cooperation necessary banks pay depositors funds."

He was a member of the parliamentary Finance Committee Sarhan Ahmed, called last June, Government to support banks and deposit activation code to activate the banking sector and develop the country's economy.

He said Ahmed, l {Euphrates news}, that "Iraq's banking sector development through government support for banks, as well as Central Bank and financed by the sums needed to be able to perform their duties to the fullest," Noting that "this depends on the amount of the reserve at the Central Bank.

"The distribution of State deposits under the law on bank deposits, enabling individuals to deposit their valuables at banks and dealing with these acquisitions leading to find constant movement between customers and banks".

It was a beautiful name Economist Antoine, said the 9th of may last, that "the banking system in Iraq put miserable."

Antoine said to {Euphrates news} "with higher oil prices of up to 50 dollars per barrel then would reduce budget deficits and opens the way for the Iraqi Government to pay debts and ease the burden on them in addition to move economic budget to create jobs at home," but "now there's an economic paralysis in the private sector and non-payment of the Government's commitments in addition to the banking system in Iraq in a miserable and this exacerbated the problem and more conferences."