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Central Bank Iraq: We have six lines for the advancement of the economic and financial reality

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Snip "The country contain infrastructure that qualifies him to lead the economy and the advancement of financial own reality and this is what we have seen over the past years and is in advanced steps to shift towards a market economy..

Tuesday, March 10, 2015

Central Bank: We have six lines for the advancement of the economic and financial reality

Baghdad - The governor of the Central Bank of Iraq on the Keywords, on Tuesday, said the bank is working on about six lines for the advancement of the economic and financial reality of Iraq, stressing the importance of the independence of the Bank.

Keywords and said for "Qurtas News" that "the country contain infrastructure that qualifies him to lead the economy and the advancement of financial own reality and this is what we have seen over the past years and is in the advanced steps to shift towards a market economy," pointing out that "the Iraqi Central Bank of institutions that are keen on drawing financial and economic policies of the country and backed reflect the advanced stages, which runs it today the bank. "

The Keywords to "having a lot of lines that are working on the central bank's management, but there are about six lines are prominent at the present time which we believe Stabd way toward stabilizing the market and support the country financially and economically."

"From the first lines that are working on the bank today is the study of modification of money laundering and the law of the Banking Act, particularly paragraphs pertaining to the organization of the work of Islamic banks and the method of dealing with the banking sector through loans and other instruments, as the Bank is working on a line of banks to assess and classify even take a real place in the Dealing there and banking system are clear and transparent to everybody. "

He Keywords "The Central Bank is also working on the establishment of a guarantee of bank deposits, which will support private banks, trust her due largely between citizens who wish to deal with it and put the financial and deposits them without fear or hesitation company, as well as directed the Central Bank to secure major investment projects in Iraq often and that What You Need to financial guarantees and financial support base is based Olhaa both by local companies or foreign companies. "

For the development of the work of Iraqi banks, whether governmental or private Keywords pointed out that "the central bank was keen to have a banking system Iraqi sophisticated match the work of banks in the region and the world that Iraq is not far away or is unable to catch up with those he has the talent and devices that can be Bmsafha. "

He stressed that "one of the steps for the advancement of the banks is that there should be directed not at the banks only, but even when government departments and the private sector to adopt electronic payment system for the financial and security benefits reflected positively on liquidity movement and methods of dispensing."

The Keywords that "the Central Bank of the face and effectively and a real need to deal ministries and government departments with these banks and give them rights equally with the government banks Kaloda├║a or acceptance instruments and so will move the private banks work and support to reflect on the reality of the country's economy in general."

The banking system consists in Iraq from 43 banks, as well as the Central Bank, and distributed according to government ownership between seven and 30 waged, including seven Islamist, as well as six foreign banks.


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