Saturday 12/03/2011
Economist: remove Iraq from Chapter VII of movement will activate the banking and economic development
Baghdad, called economic expert Qasim Khazraji, the Iraqi government to the need to move towards international economic forces to work to remove Iraq from Chapter VII of the raised big on the development of the local economy.said Khazraji reporter (agency news) on Saturday: the limitations of Section VII with Many of the negative aspects of the Iraqi economy and development, noting: they limit the financial transactions between banks in Iraq, whether governmental or private and international banks.
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He STAFF: The seventh item on the volume of treated Iraqi banks at home exclusively, indicating: that the local private sector, he can not import technologies and equipment developed through local banks, because they can not open the funds in international banks, he said, is that most of the banks states Jawaralohlih them and with potential limited financial position to deal with Bock large, global, in time you find our financial sector Baidaan the global average.
The seventh item put signal to all the international banks that they had no deal with the financial sector of Iraq, and thus entered the field of domestic banks spiral international isolation.
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