18 May 2012
KARBALA: Parliamentary Economic Commission Hussein al-Mir'ibi said that Iraqi banks' laws need reforms, pointing out that a national conference for the Central Bank of Iraq.Mir'ibi told Aswat al-Iraq that the authorizations of the banks should be extended to encourage economy.
He pointed out that a national conference will be held for the Central Bank of Iraq and other Iraqi banks to find means to combat the difficulties facing banking activities.
Mir'ibi added that there vital problems with the companies and governmental organs on how to open letters of credit.
He disclosed that there are 30 trillion Iraqi dinars deposited in the banks, "but nobody knows how to deal with them, which might be used to finance terrorism, so it is necessary to put a mechanism to administer these banks and funds".
KARBALA: Parliamentary Economic Commission Hussein al-Mir'ibi said that Iraqi banks' laws need reforms, pointing out that a national conference for the Central Bank of Iraq.Mir'ibi told Aswat al-Iraq that the authorizations of the banks should be extended to encourage economy.
He pointed out that a national conference will be held for the Central Bank of Iraq and other Iraqi banks to find means to combat the difficulties facing banking activities.
Mir'ibi added that there vital problems with the companies and governmental organs on how to open letters of credit.
He disclosed that there are 30 trillion Iraqi dinars deposited in the banks, "but nobody knows how to deal with them, which might be used to finance terrorism, so it is necessary to put a mechanism to administer these banks and funds".
© Aswat Aliraq 2012
