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CBI: Start working with 20 private banks electronic clearing system
06/07/2011 13:26
Baghdad, July 6 (Rn) - The Central Bank of Iraq, Wednesday, that 20 private banks began to work according to the electronic clearing system, noting that there are efforts to introduce government banks in this system. The central bank last February, six private banks started using electronic clearing system. The central bank adviser said the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "the 20 banks began to work according to the electronic clearing system is an important step for the development of the payments system in the country and the mechanisms of private banks and government." He added, "My work clearing electronic means not use the instruments of hand in the process of transfer of funds and the use of Scock magnetic and read in the calculator in order to facilitate the transfer of funds in less than an hour rather than taking. " He said, "the Central Bank will supervise the work of clearing electronic inter-bank private in order to provide the best online services in the banking in the country. " and the World Bank allocated $ 10 million for the restructuring of government banks and activate their transactions online. and announced earlier in the unit re-Hiklhalmassarv Iraq had been extended and unit banks for a period of one year because of security concerns. Iraq had decided in early 2006 and the restructuring of banks in order to get rid of the heavy debt. The Ministry of Finance of Iraq for its efforts over the next year to develop an integrated plan for the development of banks, e-government and the activation of financial relations in this aspect. The Iraqi government is still limited in its financial transactions on the government banks relied upon by 85%. and called on the Ministry of Finance Earlier, the Iraqi Central Bank to take firm action in granting licenses for the establishment of private banks. Wanan of Jafar, the Open: Peace Baghdadi
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06/07/2011 13:26
Baghdad, July 6 (Rn) - The Central Bank of Iraq, Wednesday, that 20 private banks began to work according to the electronic clearing system, noting that there are efforts to introduce government banks in this system. The central bank last February, six private banks started using electronic clearing system. The central bank adviser said the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "the 20 banks began to work according to the electronic clearing system is an important step for the development of the payments system in the country and the mechanisms of private banks and government." He added, "My work clearing electronic means not use the instruments of hand in the process of transfer of funds and the use of Scock magnetic and read in the calculator in order to facilitate the transfer of funds in less than an hour rather than taking. " He said, "the Central Bank will supervise the work of clearing electronic inter-bank private in order to provide the best online services in the banking in the country. " and the World Bank allocated $ 10 million for the restructuring of government banks and activate their transactions online. and announced earlier in the unit re-Hiklhalmassarv Iraq had been extended and unit banks for a period of one year because of security concerns. Iraq had decided in early 2006 and the restructuring of banks in order to get rid of the heavy debt. The Ministry of Finance of Iraq for its efforts over the next year to develop an integrated plan for the development of banks, e-government and the activation of financial relations in this aspect. The Iraqi government is still limited in its financial transactions on the government banks relied upon by 85%. and called on the Ministry of Finance Earlier, the Iraqi Central Bank to take firm action in granting licenses for the establishment of private banks. Wanan of Jafar, the Open: Peace Baghdadi
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