Al-Nasiri: The distinguished participation of banks in the Baghdad International Fair strengthens economic relations with the countries of the world

*"The broad participation of the Association of Iraqi private banks and government and private banks in the 44th session of the Baghdad International Fair strengthens confidence in the Iraqi banking sector and documents the economic and banking relations with foreign countries and Arab countries, especially Gulf countries, and thus will contribute," said Samir Nusairi, economic and banking adviser to the Association of Iraqi Private Banks. The relations in the joint cooperation and the establishment of correspondent banks is solid, which takes part in this session 18 countries and 400 government companies, especially in all disciplines and fields.
Al-Nusairi said in an interview with "Economy News" in his assessment of this participation, that "the Iraqi banking sector and in particular the failure of some banks to falter their activities because of the economic and financial crisis experienced by the country for the subjective and subjective reasons known to all and which was able and with the intervention and support of the Central Bank of Iraq and cooperation And understanding and study and realistic analysis by the Association of Iraqi private banks, in the rehabilitation and re-wheel of its activities to serve the public quickly and to enhance confidence in the Iraqi banking sector, government and private The participation of large and effective banks in the exhibition Baghdad International and in a distinguished presence of the Association and the commissioners and their attempts to promote the banking services and products provided by banks at present and in particular to provide financing loans to finance small and medium projects within the initiative of the Central Bank to allocate six trillion dinars to stimulate the economic cycle and reduce the unemployment rate for graduates as well as motivate the public to go to savings Banks and reduce the compactness in homes and in places not safe. "

He pointed out that "the public visit to the pavilions of the participating banks and to view the plans of the banks and their procedures and services will contribute greatly to restoring confidence in them as solid national financial institutions and their deposits will be guaranteed under the law, especially when the deposit insurance company is issued and the decision of the Council of Ministers was issued. Legal, administrative and technical for the purpose of carrying out its duties. "

Al-Nusairi stressed that "this promising banking participation will contribute to the level of Arab and foreign banking relations by enhancing confidence in the Iraqi banking sector and inter-bank cooperation between Iraqi banks and correspondent banks."

He called on the concerned government authorities, the Central Bank and the Ministry of Finance to implement the decisions of the Council of Ministers and the Economic Committee in the Council of Ministers on the support of private banks and provide loans to them and create a balance between the size of deposits in government banks and the volume of deposits in private banks, which currently constitute 14 percent of total deposits As well as the ministries and agencies concerned with the settlement of salaries to employees at banks with the aim of increasing the ability of banks to grant cash of all kinds in addition to the involvement of leaders and experts of the sector in the economic decision-making economic relationship with the sector suction Rafi and their participation in the official delegations and joint committees for economic cooperation with the countries of the world because without a sound banking sector can not build a sound national economy.

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