2016/08/21

(Encyclopedia of the Day News | Iraq News ) - Economy News Baghdad , said a banking expert Samir Nasiri said thegovernment and the private banking sector faces challenges and obstacles in the present time and the effects and implications for economic and financial crisis that Iraq is going through a financial and investment banking activity and added Alnasiri that important and basic tastiest role j needs to be done by the Central Bank of Iraq is to achieve financial stability and banking reform by activating the mechanisms and procedures operational strategy for Snoat2016-2020 he Alnasiri to a number of proposals to build stability in the financial system and support the development and reform of the banking sector , including re - citizens and customers in the banking sector and theIraqi are confident particularly private banks, working to increase the proportion of savings in the banks to theproportion of compactness outside banks reaching saving 23 ratio and compactness 77, and complete thestructural and technical foundations controlled proactive.

as well as the activation procedures for the establishment of institutions and the issuance of guarantee deposits and credit laws.

He stressed the need to review and evaluate results of operations of banks and reclassified by accredited international companies.

identify weak banks that need the intervention of the Central Bank of Iraq to restore its activity and bankruptcy protection.

assist and support the banks , which have been hurt in the provinces income Daesh.

processing sell the currency window and try to find alternatives instead pointed Alnasiri the importance ofstrengthening the central bank in the financing of small and medium - sized projects and initiatives which contribute to the revitalization of the economic cycle and the diversification of the general budget for 2016 resources.