Parliamentary Finance: Bank reform enhances Iraq’s financial position globally
Jamal Koger, a member of the Parliamentary Finance Committee, confirmed on Monday that the restructuring of Rafidain and Al-Rashid banks is a decisive step to improve Iraq’s financial situation and strengthen its position in the global financial system.
“Restructuring banks is very important and has many positives, as these banks have not been reviewed for many years,” Kougar told {Euphrates News}. These measures will contribute to the stetling of the national economy and address some of the errors that may exist in the current financial system.”
He added: “The reform of banks will lead to their development in line with the conditions of the US Federal Reserve and the SWIFT system, in addition to many international requirements that will contribute to improving the performance of the Iraqi financial sector at the global level.”
It is noteworthy that Prime Minister Mohammed Shia Al-Sudani was briefed on the plan for the restructuring of Al-Rasheed and Rafidain Banks, and the technical and administrative procedures related to the project, which include a comprehensive review and structural administrative reforms with the aim of providing integrated banking services to citizens and companies.
He explained that the completion rate of the project for the structuring of Rafidain Bank has reached its final stages, stressing its entry into force during the next few period, within the framework of a plan that has been studied and implemented according to the standards and parameters drawn.
From.. Ragheed
https://alforatnews.iq/news/المالية-النيابية-إصلاح-المصارف-يعزز-مكانة-العراق-المالية-عالميًا
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