MP Burhan Al-Mamouri calls for redrawing banking policy for the benefit of the citizen and the national economy
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MP Burhan Al-Mamouri calls for redrawing banking policy for the benefit of the citizen and the national economy
by claud39 Fri Oct 02, 2020 12:01 pm
[size=32]MP Burhan Al-Mamouri calls for redrawing banking policy for the benefit of the citizen and the national economy[/size]
02/10/2020
Deputy “Burhan Al-Mamouri” demanded on Thursday 10/1/2020 to redraw the financial policy that banks follow, in a way that benefits the citizens and the national economy.
Al-Mamouri said: The economic crisis that Iraq is going through makes it imperative that decision-makers search for realistic solutions for financial reform to save the country from going towards the abyss of indebtedness that will have disastrous effects on the present and future of the nation's people.
Al-Mamouri added: Iraq is a generous country in which the competencies and experiences can be found, with which solutions can be found to overcome this crisis, and even to move from relying on oil as a main source of income to diversifying financial inputs and ensuring economic development.
As a first step in the path of financial reform for the country, the MP called for redrawing the financial policy that banks follow, in order to achieve the benefit of citizens and the national economy by increasing interest on savings accounts funds and reducing the profits imposed on advances.
Al-Mamouri indicated that the increase in interest will push towards investing the hoarded money in the homes of citizens, and that reducing the profits imposed on advances will lead to an increase in borrowing for the implementation of projects, employment of manpower and moving the wheel of the economy.
House of Representatives
Media
Department 10/2/2020
https://ar.parliament.iq/2020/10/02/%d8%a7%d9%84%d9%86%d8%a7%d8%a6%d8%a8-%d8%a8%d8%b1%d9%87%d8%a7%d9%86-%d8%a7%d9%84%d9%85%d8%b9%d9%85%d9%88%d8%b1%d9%8a-%d9%8a%d8%b7%d8%a7%d9%84%d8%a8-%d8%a8%d8%a5%d8%b9%d8%a7%d8%af%d8%a9-%d8%b1%d8%b3/
02/10/2020
Deputy “Burhan Al-Mamouri” demanded on Thursday 10/1/2020 to redraw the financial policy that banks follow, in a way that benefits the citizens and the national economy.
Al-Mamouri said: The economic crisis that Iraq is going through makes it imperative that decision-makers search for realistic solutions for financial reform to save the country from going towards the abyss of indebtedness that will have disastrous effects on the present and future of the nation's people.
Al-Mamouri added: Iraq is a generous country in which the competencies and experiences can be found, with which solutions can be found to overcome this crisis, and even to move from relying on oil as a main source of income to diversifying financial inputs and ensuring economic development.
As a first step in the path of financial reform for the country, the MP called for redrawing the financial policy that banks follow, in order to achieve the benefit of citizens and the national economy by increasing interest on savings accounts funds and reducing the profits imposed on advances.
Al-Mamouri indicated that the increase in interest will push towards investing the hoarded money in the homes of citizens, and that reducing the profits imposed on advances will lead to an increase in borrowing for the implementation of projects, employment of manpower and moving the wheel of the economy.
House of Representatives
Media
Department 10/2/2020
https://ar.parliament.iq/2020/10/02/%d8%a7%d9%84%d9%86%d8%a7%d8%a6%d8%a8-%d8%a8%d8%b1%d9%87%d8%a7%d9%86-%d8%a7%d9%84%d9%85%d8%b9%d9%85%d9%88%d8%b1%d9%8a-%d9%8a%d8%b7%d8%a7%d9%84%d8%a8-%d8%a8%d8%a5%d8%b9%d8%a7%d8%af%d8%a9-%d8%b1%d8%b3/
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