the importance of isolating the banking sector by the CBI to organize its work and its development

Posted: August 29, 2013 in Iraqi Dinar/Politics
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29-08-2013 11:58 AM
Baghdad (newsletter). Vice Chairman of the Finance Committee, a Deputy from the Kurdistan blocs Coalition/Ahmed Faizullah, the need to isolate the banking sector by the Central Bank through the establishment of a special body to the banks for the purpose of organizing its work and development.

He said Faizullah (News Agency): the Central Bank of Iraq had not achieved the desired goals in regulation and control and develop the work of the Iraqi banking sector because of concern about the country’s monetary policy and how to support the stability of the Iraqi dinar exchange rate.

He said that most developed countries including the United States have a large financial institution dealing with private banks, so you must isolate the Iraqi banking sector, the Central Bank after the establishment of an independent body for banks interested in banks and developed.

The banking system in Iraq consists of forty-three banks as well as the Central Bank and distributed by property (7) and banks (30) Community Bank including (7) in addition to Islamic banks (6) foreign banks

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