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Hue Mi
06-19-2013, 06:57 PM
The parliamentary Finance recommends lifting of coordination between government and private banks (http://center-imn.com/index.php?option=com_content&view=article&id=4891:2013-06-19-12-49-09&catid=94&Itemid=602)

Post 19 June / June 2013 15:49

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BAGHDAD / Center Brief for the Iraqi Media Network (IMN ) - The parliamentary Finance Committee recommended, on Wednesday, to develop a roadmap to improve coordination and cooperation between government and private banks for the development of the payments system in banking transactions.

Abdullah said Hussein Yasiri Edwalganh the Finance's (IMN ) "Informed the Ministry of Finance and the Central Bank of the need to strengthen coordination between the government and private banks to develop payment systems and enhance the credit process."

He added that "the lack of coordination and action set-off in most of the electronic government caused banks to overwhelm the country's monetary policy."

He continued that "the Committee will hold meetings next week with the Ministry of Finance and the Central Bank and officials in the government and private banks for the development of the payments system and provide an accurate database for government banks."

The Iraqi Central Bank announced that the payments system in private banks Amounting to 40 banks technically better than the payments system in the State-owned banks.

The main tasks of the Iraqi Central Bank to maintain price stability, and implement Monetary policy, including exchange rate policies, and management of currency reserves Foreign, and the issuance of currency management, as well as to regulate the banking sector.