Economy News Baghdad
The parliamentary Finance Committee confirmed on Tuesday that the decision to abolish the banking sanctions imposed by parliament on the Kurdistan region will contribute to the return of confidence in dealing between banks and customers.
A member of the Finance Committee, Najiba Najib, in an interview with “Economy News” that “the decision to lift the banks from the region will lead to the return of customer confidence in the banks of the region,” noting that “the ban has reduced the treatment of customers with banks, which led to a lack of confidence Between them. ”
She added that “the banks in the region has no link with the Ministry of Finance in Baghdad and government banks in Baghdad does not have any branches in the Kurdistan region,” noting that “in practice, these banks are complying with all instructions issued by the Central Bank and orders, The need for this law was canceled. ”
The Central Bank of Iraq has directed, on 8/11/2017, all the banks in the country to stop the work of its branches in the Kurdistan Region, after the referendum on independence on 25 September 2017, but the House of Representatives voted on Monday, to cancel the banking measures imposed on Kurdistan region after the referendum on independence from Iraq.