Published on Saturday, September 29 / September 2012 12:34
Take the Central Bank of Iraq, Saturday, that the openness of the Iraqi market and the lifting of restrictions it carries many of the problems of the national economy.
The deputy governor of the Central Bank of the appearance of Mohammed Saleh for “obelisk,” The transition to a pattern of free economy and liberal financial markets and the lifting of restrictions and prohibitions affected the Iraqi economy, “noting that” this openness created a lot of companies and shops banking is licensed and that you can cross it from generation a state of imbalance or uncertainty for the local market because these companies are not subject to oversight and scrutiny. “
He noted that “economic activity is concentrated in the currency market which controls these companies on more than thirty percent of speculative trading, making and re-distribute the money without interest or feasibility.”
Iraq has seen economic openness, after April 2003, representing open a large number of banks and companies civil special trading currency, which contributed transformation market system in Iraq to free and free trade with a large number of countries where poured upon goods from all over the world, which required and, according to experts economy to pass laws by Iraqi lawmakers to organize work within those markets.