Parliamentary Finance: intend to introduce new legislation regulating the work of banks
[Where - Baghdad]
said the parliamentary Finance Committee member Jabbar al - Abadi, on Saturday, the determination of the Commission put forward a private organization of work of government and private banks in Iraq legislation.
He said al - Abadi told all of Iraq [where] that "determined to put forward legislation defining the banking mechanism of action and dealing with windows Committee [credit and borrowing and other banking transactions, as well as allow the domestic banks and identify its mechanisms to prop up the government banks."
He added that "private banks limited her work is now on the windows sell the currency , which requires a serious stand on this matter , "noting that" the banking business in Iraq is not active and rise of the development in the world , "adding that" the coming days will witness the launch private banking work and invest in Iraq 's new legislation . "
according to observers witnessing the banking sector in Iraq marked decline through economic assurances for the decline in money to the Iraqi central reserve, as well as variation sell hard currency, prompting the House of Representatives and economic experts and Iraqi government demand to monitor auctions sell the currency on the one hand, and on the other hand , the introduction of hard currency into the country through the activation the work of border crossings and inventory to deal in hard currency in them.
the investigation revealed judges specialize money laundering issues in the fifth of October this that millions of dollars were smuggled out of the country by traders and bankers and fictitious companies and money transfer.