Parliament: CBI has not achieved the desired goals in the support and development of banking sector of the country

Posted: September 5, 2013 in Iraqi Dinar/Politics
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Economic

05-09-2013 10:55 AM

Baghdad (newsletter). Deputy Chairman of the Finance Committee, criticized the Attorney for the Kurdistan blocs Coalition/Ahmed Faizullah, a policy the Central Bank to the banking sector as it did work to support and develop its work.

He said Faizullah (News Agency): the Iraqi banking sector is underdeveloped and lacks a lot of things modern tech, which made the work of obliging local banks.

He added that the policy of the Central Bank to the banking sector on a number of inquiries because they did not meet the desired objectives, develop a plan of action for the advancement of the banking sector and its development.

He called for: the need for a special law legislation for banks to support local banks and development driven so it works in accordance with international banking Act.

And the Iraqi banking sector, Government and the subsidiary of severe retardation relative to global and regional banks, where it is still based on the old traditional systems

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