Central: restructuring of state banks is conditional on the legislative reforms
05/07/2012 0:00
BAGHDAD - Al Sabah
said the central bank said the restructuring of Rafidain and Rasheed conditional on legislative reform of the government banks. The deputy governor of the Central Bank of the appearance of Mohammed Saleh (Brief Center for the Iraqi Media Network) that "the restructuring of Rafidain and Rasheed conditioned to do the process of legislative reform for banks and that fits with the aspirations of the banking business in Iraq." He explained that 90 percent of the banking process undertaken by government banks owned by the state and only 10 percent for private banks, which requires a move towards improving the banking reality in the country dramatically during the next phase. "Pointing out that" the central bank offers a bill to develop the work of government banks and is now under study in the State Advisory. "
and added that "the central bank touched clear progress in the development of the payments system and promote banking online." and revealed the CBI earlier that one of the companies that bid for the purpose of establishing the banking system, telephone, a modern system supports transfers of financial assets for phone As is the case in the transfer of the balance of the mobile phone to someone else.
Iraq and deliberately in his dealings of Finance is currently in the conversion and drag on banks and banking companies and the Iraqi Central Bank seeks to adopt a more sophisticated means of contributing to the reduction of manual trading of financial liquidity.
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