Wednesday, February 16, 2011

2-16-11 CBI: Integration of private banks will support Iraq’s efforts to provide a free market economy.

Highlights/Thoughts
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1. The CBI believes that the integration of private banks will support Iraq's efforts to provide a free market economy
2. Saleh said that the CBI is moving towards the promotion of private banks to merge with each other creating strong capital and a free market economy free from restrictions
3. He noted there are 40 private banks, but capital is still weak and banks need to be more aggressive with each other to form a strong capital

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