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Bank of Economy and Central Bank
Saturday, March 31, 0.2012 at 21:26
The Iraqi banking sector, both government and private primitive compared to the services provided by private banks in the neighboring countries of Iraq and the Persian Gulf and this is reflected negatively on the development of the economic process and increase investment opportunities in Iraq, where we note that most of the banking activities that take place in these banks is limited to the acts of simple statement related to open accounts savings and current instruments and the work of certified (bill of exchange) and business banking and mostly lacking to apply the system of civilization that credit cards are handled by all banks in the developing world and developed countries. The Central Bank soft is enabled by the opening of several private banks so that was currently number about 46 bank registered with the bank and the number of branches of these banks Mojtmata 900 branches covering all of Iraq and providing services to 30 million people, but poor monitoring and follow up the Central Bank of the business of these banks some of them led to the deviation from the goals established for it, and mostly small banks is a family coffers of the accounts managed by the founders themselves, and not a national financial institutions.. And most of the capital are very few compared to the size of the investment is expected and the large contracts that will be entered into by foreign companies with the Iraqi government and the private sector in the future and complain departments of these banks are always restrictions and instructions issued by the Central Bank between Onah and the other on the organization of work and that there is a crisis of confidence between the parties and the right said that the central bank is right some thing in this aspect because most of the departments of private banks operating in the present time do not have work experience in this sector and as soon as it has cash flow large stature to invest in this area so abounded errors and the deterioration of the level of services provided to customers and received significant violations of level of performance and the best example of this crisis, the Warka Bank, which was absent supervision and guidance so it was said that the departments of the central decision-maker when settled in countries outside of Iraq, which allowed a transfer of capital assets and cash in the bank to banks in neighboring countries, a businessman exotic in banking activities in all countries of the world that allow the exercise of this activity with its commitment to accuracy in all forms of laws and regulations governing the banking and economic activities in the country. Behaviors that work in some private banks in providing banking services to the citizen to give negative results may have reflected on the rest of the private banks and pay other citizens to question? Are private banks operate under the instruction uniform issued by the Central Bank or working under the whims of its departments, for example, and on 18/03/2012 I made a certified check in the Economy Bank for Investment and Finance (Office of the Baya) is a small shop in a C-section adjacent to the Real Estate Registration Department one million JD It cuts me to the amount of 28,000 dinars for services and stamp duty an amount that is too large compared to the amount of the amount of the instrument and on 03/20/2012 I had to work a certified check, another in the same bank and I was in the branch of the province of Basra, No. 626 $ 16 million, and had cut a branch bank the amount of 49,600 dinars for services and stamp duty, and that these amounts, despite the great disparity between them in terms of the percentage of the amount of deduction, they outside the ratios stipulated by the Central Bank Fi credibility remained among citizens of these banks and the appeal which we draw to the officials of the Central Bank is the need to work on screening such types of banks and the issuance of severe sanctions the right in case of violations of instructions and integrate them with each other or to withdraw vacation work in the case of lack of ability fulfill the instructions of the Central Bank to increase the capital of private banks and to increase oversight because the private banks in all countries of the year is the mainstay of the economy, part of the financial institutions that boast States Especially we are on the verge of large investment projects in the future and the arrival of delegations and foreign companies in Iraq.
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Saturday, March 31, 0.2012 at 21:26
The Iraqi banking sector, both government and private primitive compared to the services provided by private banks in the neighboring countries of Iraq and the Persian Gulf and this is reflected negatively on the development of the economic process and increase investment opportunities in Iraq, where we note that most of the banking activities that take place in these banks is limited to the acts of simple statement related to open accounts savings and current instruments and the work of certified (bill of exchange) and business banking and mostly lacking to apply the system of civilization that credit cards are handled by all banks in the developing world and developed countries. The Central Bank soft is enabled by the opening of several private banks so that was currently number about 46 bank registered with the bank and the number of branches of these banks Mojtmata 900 branches covering all of Iraq and providing services to 30 million people, but poor monitoring and follow up the Central Bank of the business of these banks some of them led to the deviation from the goals established for it, and mostly small banks is a family coffers of the accounts managed by the founders themselves, and not a national financial institutions.. And most of the capital are very few compared to the size of the investment is expected and the large contracts that will be entered into by foreign companies with the Iraqi government and the private sector in the future and complain departments of these banks are always restrictions and instructions issued by the Central Bank between Onah and the other on the organization of work and that there is a crisis of confidence between the parties and the right said that the central bank is right some thing in this aspect because most of the departments of private banks operating in the present time do not have work experience in this sector and as soon as it has cash flow large stature to invest in this area so abounded errors and the deterioration of the level of services provided to customers and received significant violations of level of performance and the best example of this crisis, the Warka Bank, which was absent supervision and guidance so it was said that the departments of the central decision-maker when settled in countries outside of Iraq, which allowed a transfer of capital assets and cash in the bank to banks in neighboring countries, a businessman exotic in banking activities in all countries of the world that allow the exercise of this activity with its commitment to accuracy in all forms of laws and regulations governing the banking and economic activities in the country. Behaviors that work in some private banks in providing banking services to the citizen to give negative results may have reflected on the rest of the private banks and pay other citizens to question? Are private banks operate under the instruction uniform issued by the Central Bank or working under the whims of its departments, for example, and on 18/03/2012 I made a certified check in the Economy Bank for Investment and Finance (Office of the Baya) is a small shop in a C-section adjacent to the Real Estate Registration Department one million JD It cuts me to the amount of 28,000 dinars for services and stamp duty an amount that is too large compared to the amount of the amount of the instrument and on 03/20/2012 I had to work a certified check, another in the same bank and I was in the branch of the province of Basra, No. 626 $ 16 million, and had cut a branch bank the amount of 49,600 dinars for services and stamp duty, and that these amounts, despite the great disparity between them in terms of the percentage of the amount of deduction, they outside the ratios stipulated by the Central Bank Fi credibility remained among citizens of these banks and the appeal which we draw to the officials of the Central Bank is the need to work on screening such types of banks and the issuance of severe sanctions the right in case of violations of instructions and integrate them with each other or to withdraw vacation work in the case of lack of ability fulfill the instructions of the Central Bank to increase the capital of private banks and to increase oversight because the private banks in all countries of the year is the mainstay of the economy, part of the financial institutions that boast States Especially we are on the verge of large investment projects in the future and the arrival of delegations and foreign companies in Iraq.
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