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CBI urges the government to deal with private banks
12/06/2011 10:11
Baghdad June 12 June (Rn) - A Central Bank of Iraq adviser, on Sunday, government institutions to deal with the financial private banks in the country.
He said the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "the service and economic institutions in the Iraqi government should deal with private banks in micro-banking and money transfer and access as financial intermediaries between companies and civil service bodies."
He added that "the proportion of banking transactions for private banks, compared with government banks amounted to 10% which is low and indicates the centrality of the Iraqi economy."
He continued that "the development of private banks started to work and raise their capital for investment in line with the movement in service projects."
The adviser in the Iraqi government that there is an economic necessity for the integration of private banks, among them, because their performance of monetary and financial have still not convincing.
And the central bank of Iraq in February that he would give the number of licenses to establish private banks confirmed that the increase in banks will enhance the economic role of the country.
He denied the central bank in June 24 that the development of Iraqi private banks according to risk is confirmed by the Ministry of Finance continued
The total capital of Iraqi private banks one billion and 600 million dollars now, other than bank branches owned by Arab and foreign companies operating in the country.
The CBI said, Wednesday, the past that the high inflation rate 0.01 November November compared with last month will not affect the value of the Iraqi dinar.
The main tasks of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies, and manage the reserves of foreign currency, and the issuance of currency management, as well as to regulate the banking sector.
Allonan of Jafar, the Open: Peace Baghdadi
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12/06/2011 10:11
Baghdad June 12 June (Rn) - A Central Bank of Iraq adviser, on Sunday, government institutions to deal with the financial private banks in the country.
He said the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "the service and economic institutions in the Iraqi government should deal with private banks in micro-banking and money transfer and access as financial intermediaries between companies and civil service bodies."
He added that "the proportion of banking transactions for private banks, compared with government banks amounted to 10% which is low and indicates the centrality of the Iraqi economy."
He continued that "the development of private banks started to work and raise their capital for investment in line with the movement in service projects."
The adviser in the Iraqi government that there is an economic necessity for the integration of private banks, among them, because their performance of monetary and financial have still not convincing.
And the central bank of Iraq in February that he would give the number of licenses to establish private banks confirmed that the increase in banks will enhance the economic role of the country.
He denied the central bank in June 24 that the development of Iraqi private banks according to risk is confirmed by the Ministry of Finance continued
The total capital of Iraqi private banks one billion and 600 million dollars now, other than bank branches owned by Arab and foreign companies operating in the country.
The CBI said, Wednesday, the past that the high inflation rate 0.01 November November compared with last month will not affect the value of the Iraqi dinar.
The main tasks of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies, and manage the reserves of foreign currency, and the issuance of currency management, as well as to regulate the banking sector.
Allonan of Jafar, the Open: Peace Baghdadi
[You must be registered and logged in to see this link.]
