Economist: Replacing the relationship is not enough to solve the monetary crisis, unless accompanied by a new methodology

0
29
Economist: Replacing the relationship is not enough to solve the monetary crisis, unless accompanied by a new methodology

Financial specialist, Ziad Al-Hashemi, affirmed today, Friday, that supplanting the legislative head of the National Bank, Ali Al-Alaq, is definitely not an adequate and compelling answer for the money related emergency that the Iraqi economy is experiencing. In order to open a new chapter in banking work that is characterized by modernity and modernity, a comprehensive screening and the presence of teams to rescue and reform the situation in a systematic manner in the form of plans and programs are required.

Al-Hashemi told Al-Jarida, “The issue of supplanting the legislative head of the National Bank, Ali Al-Alaq, is certainly not an adequate and successful answer for the financial emergency that the Iraqi economy is experiencing. Rather, the National Bank and banking foundations need new methodologies and another strategy to dispose of the restrictions and hindrances of the past, to begin another page described by advancement and advancement in financial work.”

“The major issue with the system and its structure cannot be resolved by replacing individuals. Regardless of whether individuals with high capabilities, capacities, abilities and experience are acquired, they can not manage the issues existing in the ongoing financial climate. As a result, teams to rescue and reform Iraq’s situation, as well as functional teams, teams of experts, and teams from political parties supported by clear legislation and ready to implement solutions in the form of plans and programs, are required.