Economy News _ Baghdad
The economic adviser and banking Samir Nusairi, Saturday, that the letter of the Governor of the Central Bank of Iraq, Dr. Ali Alalak is a clear and specific work program for the boards of departments of banks and executive departments.
Al-Nusairi said in an interview with "Economy News" that "the purpose of the letter is to address the negative remarks made by the Governor and the Central Bank departments during their field visits during the year to the banks, a method to develop the practices and development procedures achieved by the banks in order to upgrade the banking products and services to the level that is planned The Central Bank within the work points of its strategy for the years (2016-2020) in order to achieve financial stability and financial coverage and investment of human capital and modernization in the banking technologies, thus contributing to reduce the technical gap between Iraqi banks and Arab and foreign banks And thus restore confidence in the Iraqi banking sector and move it to a solid banking sector that contributes to sustainable development and provides services to the national economy as the first link financing and investment in the economy.
Al-Nasiri noted that "the Association of Banks has developed a media plan and training to promote the principles and visions and policies contained in the letter and in coordination with private banks and considered it a work program for the Association and banks for the next phase."
The Governor of the Central Bank of Iraq, Ali Mohsen Alalak called in a letter addressed to the banks of the license and all the formations of the Central Bank and the Association of Iraqi private banks to the need to adopt proactive control and field visits and exploration to identify the imbalances and assets of success and upgrading the Iraqi banking sector to the banking sector and seek to stimulate the best practices And rules that bring stability, progress and advancement.
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