Banking expert: the withdrawal of Iraq from Chapter VII would give freedom to the Iraqi banks in dealing with international banks

On: Tuesday 01/05/2012 12:04


بغداد(الاخبارية).. Baghdad (news) .. According to a banking expert Mohsen Ali, directed that Iraq under Chapter VII has become necessary, especially after the return of Iraq to its regional and international levels, because it would give freedom to the Iraqi banks in dealing with international banks.

Ali (of the Agency news) said on Tuesday: Iraq is still shackled to item VII by the UN, thus affecting the work of Iraqi banks being given a bad reputation in its external and international levels, which led to the rejection of international banks to deal with Iraq in its dealings through the Foreign Remittance .

He added that the withdrawal of Iraq from Chapter VII has become an urgent necessity at the present time, especially after the return of Iraqi relations with external countries with reservations about Iraq as a result of the policy of the former regime as a state of Kuwait, in order to give Iraq full freedom to act on his money and bank transactions with the Iraqi

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