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Amendment Iraqi banks laws
03/10/2015
The governor of the Central Bank of Iraq, the relationship, that his country is developing a strategy for the next five-year plan includes the modification of some competent job banks and create some institutions laws.
Iraqi Central Bank was founded in 1947 and it was called then the name of National Bank of Iraq, but it has been modified his name in 1956 to the Central Bank of Iraq and is the main branch of the bank in central Baghdad, and his duties implementation of monetary policy, and management of foreign reserves, and the issuance of currency management and regulation of the banking sector to promote the system competitive financial stable.
He Keywords in a special statement to the reporter Anatolia, that "the plan include amending some laws on job banks such as the law of the Central Bank and the Banking Law and the Law on Deposit Insurance in banks as well as money laundering law," adding that "some of these laws will complete the legal formulations have others present in the Iraqi parliament.
" And opened a number of foreign bank branches in Iraq in 1956, while the number of Iraqi private banks opened with a little money relative to government banks in the private successive periods after the invasion of the United States of Iraq in 2003.
He said the governor of the Central Bank of Iraq, that "the Central Bank intends to create Some institutions that guarantee citizens' deposits at private banks in order to encourage people to deposit in banks, and the introduction of modern technologies through complete electronic payment project.
" Experts in the field of economy, the banking sector in Iraq and describes Palmtkhalaf depends on capital does not rise very few global banks or countries in the region, with most of the State-owned banks operating in its dealings with the old systems are still daily.
The governor of the central bank, last Saturday, said that the volume of assets (deposits) Iraqi banks are 225 trillion dinars (192.9) billion dollars, of which 204 trillion (174.9) billion dollars in government banks, by 80% and the rest in private banks.
He denied the Iraqi Central Bank, last week reduced its reserves of hard currency (the dollar), indicating that it covers the Iraqi currency traded at more than one and half times the size, without setting a specific value of the reserve.
The Hoshyar Zebari, Minister of Finance in the Iraqi government said in February 27 last that the Central Bank of Iraq's reserves of hard currency dropped to $ 68 billion, which means a decline of about $ 9.7 billion from the level at the end of 2013, a decline of 12.5%.
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03/10/2015
The governor of the Central Bank of Iraq, the relationship, that his country is developing a strategy for the next five-year plan includes the modification of some competent job banks and create some institutions laws.
Iraqi Central Bank was founded in 1947 and it was called then the name of National Bank of Iraq, but it has been modified his name in 1956 to the Central Bank of Iraq and is the main branch of the bank in central Baghdad, and his duties implementation of monetary policy, and management of foreign reserves, and the issuance of currency management and regulation of the banking sector to promote the system competitive financial stable.
He Keywords in a special statement to the reporter Anatolia, that "the plan include amending some laws on job banks such as the law of the Central Bank and the Banking Law and the Law on Deposit Insurance in banks as well as money laundering law," adding that "some of these laws will complete the legal formulations have others present in the Iraqi parliament.
" And opened a number of foreign bank branches in Iraq in 1956, while the number of Iraqi private banks opened with a little money relative to government banks in the private successive periods after the invasion of the United States of Iraq in 2003.
He said the governor of the Central Bank of Iraq, that "the Central Bank intends to create Some institutions that guarantee citizens' deposits at private banks in order to encourage people to deposit in banks, and the introduction of modern technologies through complete electronic payment project.
" Experts in the field of economy, the banking sector in Iraq and describes Palmtkhalaf depends on capital does not rise very few global banks or countries in the region, with most of the State-owned banks operating in its dealings with the old systems are still daily.
The governor of the central bank, last Saturday, said that the volume of assets (deposits) Iraqi banks are 225 trillion dinars (192.9) billion dollars, of which 204 trillion (174.9) billion dollars in government banks, by 80% and the rest in private banks.
He denied the Iraqi Central Bank, last week reduced its reserves of hard currency (the dollar), indicating that it covers the Iraqi currency traded at more than one and half times the size, without setting a specific value of the reserve.
The Hoshyar Zebari, Minister of Finance in the Iraqi government said in February 27 last that the Central Bank of Iraq's reserves of hard currency dropped to $ 68 billion, which means a decline of about $ 9.7 billion from the level at the end of 2013, a decline of 12.5%.
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