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Efforts to build the banking sector on modern digital foundations
Second and third 08/04/2024
Baghdad: Raghad Dahham
Governmental and private banks are the backbone of the financial sector.
Despite the positivity that accompanies their spread, they negatively affect transactions if they are exploited in ways that violate the law.
The economic advisor to the Prime Minister, Mazhar Muhammad Saleh, told Al-Sabah:
The government seeks to restructure the banking system, both public and private, and build the banking and financial sector on digital foundations, noting that
it leads to competition in financial and banking services provided to the public.
For his part, the economic expert, Bassem Jamil Antoine, told “Al-Sabah” that
if there is strict supervision and follow-up of the work of private banks in general,
this will create intense competition that can create financial stability for workers in the private sector, banks and banks. Eligibility.
He pointed out that government banks, which are a point of balance between the private and public sectors, create an atmosphere commensurate with market requirements, pointing out that
the suffering lies in the market instability between the official and parallel prices of the dollar, as
this creates a kind of confusion, adding that
if the financial system were restored Previously, transfer through the Central Bank and documentary credits for goods, the process will be easier and reduce abuses And cheating.
https://alsabaah.iq/100437-.html
Second and third 08/04/2024
Baghdad: Raghad Dahham
Governmental and private banks are the backbone of the financial sector.
Despite the positivity that accompanies their spread, they negatively affect transactions if they are exploited in ways that violate the law.
The economic advisor to the Prime Minister, Mazhar Muhammad Saleh, told Al-Sabah:
The government seeks to restructure the banking system, both public and private, and build the banking and financial sector on digital foundations, noting that
it leads to competition in financial and banking services provided to the public.
For his part, the economic expert, Bassem Jamil Antoine, told “Al-Sabah” that
if there is strict supervision and follow-up of the work of private banks in general,
this will create intense competition that can create financial stability for workers in the private sector, banks and banks. Eligibility.
He pointed out that government banks, which are a point of balance between the private and public sectors, create an atmosphere commensurate with market requirements, pointing out that
the suffering lies in the market instability between the official and parallel prices of the dollar, as
this creates a kind of confusion, adding that
if the financial system were restored Previously, transfer through the Central Bank and documentary credits for goods, the process will be easier and reduce abuses And cheating.
https://alsabaah.iq/100437-.html
