Baghdad – IA – Wissam Al-Mulla
Immediately, Wednesday, Advisor to the Prime Minister for Monetary Affairs, Mazhar Muhammad Salih, burdened the significance of transferring to reform the banking sector in Iraq, whereas noting that depriving some banks of international forex is a chance to restructure and manage them.
Saleh advised the (INA): “Prime Minister Muhammad Shiaa Al-Sudani has a passion to guard nationwide capital, along with the truth that banking establishments want reform,” indicating that “what occurred in depriving some banks of international forex is a chance to restructure and manage them.” “.
He added, “There’s a program to reform the banking sector by beginning with the federal government sector as a result of the federal government banking sector dominates 85 % of banking work and the remainder of the small rising markets, despite the fact that their capital constitutes 78 % of the banking system’s capital, however they must be reorganized and restructured to rework into… “Sound market establishments are built-in into the worldwide financial system and have a job in finance and financial growth.”
He identified that “there’s a reform course of in Iraq that begins with the federal government banking sector after which the personal sector,” stating that “the injustice that occurred to the banks is a chance for reform.”