28/09/2011 11:18
Baghdad, September 28 (Rn) - The Iraqi Ministry of Finance of the Federal, Wednesday, it had decided to post the private banks with the heads of big money in the trading of government. said Undersecretary Fadel prophet of the Kurdistan News Agency (Rn) that "the Ministry of Finance decided traps banks with capital big money and have banking transactions developed in the trading of government financial and deal with it like dealing with government banks. " He added that "The ministry had set up a financial committee for the selection of banks Alrchinah which operate according to the methods of modern banking in order to expand the banking in the country and boost the bank." He pointed out that "The Ministry of Finance seeks to involve private banks in the development of banking in the country and expand its role in supporting the Iraqi economy." The Council of Ministers of new mechanisms to facilitate the opening letters of credit for less than $ 4 million through the revitalization of the role of private banks, which aims to stimulate trade in the country . The Iraqi government is still limited in its financial transactions on the government banks relied upon by 85%. The total capital of banks, Iraqi Special billion and 600 million dollars now, other than that owned by the branches of Arab and foreign banks operating in the country of: Jaafar Allonan, the Open: peace Baghdadi
http://www.aknews.com/ar/aknews/2/264048/
