Iraq: Association of Private Banks Are Working to Stabilize the Exchange Rate
|August 5, 2014||Filled under Iraq News|
Iraq News –
Elected a new administrative board of the Association of private banks in Iraq, as its chairman and Naúbaleris and Financial Secretary and was selected unanimously to be the Bank of Assyria president and Union Bank of Iraq Deputy and Investment Bank of honest financially.
Came during a meeting The first body, which was attended by the oldest member of parliament d. Mehdi al-Hafez, who initiated the meeting speech in which he stressed that Iraq is looking forward to the banking system developed to contribute to nation-building, stressing the need to adopt a strategy of clear-cut in the banking reform.
Said: that the new phase in light of the success of elections and the election of a speaker and another for the government but require incorporation to build a state of institutions based on the spirit of the Constitution and included payment of the private sector because the play its required and especially the banking sector to its importance in supporting sustainable development programs, calling the executive bodies concerned of the need to support trends banks aimed.
He recalled the calls made by institutions global monetary and of the IMF and World Bank need to give the private banking sector a boost to the leadership of the economic file towards the transition to a market economy which is guaranteed by the Constitution.
Was chairman of the Bank of the UNESCO has blessed this review chaired the first meeting of the Association promised gesture of good and reflects the keenness of the administrative board of the Association of the coordinate positions towards strengthening the role of the banking sector.
Revealed Wadih Handal after chaired the meeting later that a program promising and ambitious undertaken by the Association on the road to access the reputation of the banks to the level of global and build bridges of trust and cooperation with parliamentary committees and the executive for the success of its program, pointing to the willingness of banks to support and promote policy Cash carried out by the Central Bank of Iraq, especially in the field of maintaining the stability of the currency rates.
Then addressed the meeting paragraphs of his program, which included several paragraphs aimed at developing the performance of the Association and its employees, as has been set deadlines for the preparation of action plans which promised.
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