View Full Version : Agreement in principle on development of banking control authority

Hue Mi
07-20-2013, 06:03 PM
Agreement in principle on the development of banking control authority (http://center-imn.com/index.php?option=com_content&view=article&id=5373:2013-07-20-10-14-30&catid=94&Itemid=602)

Post July 20, 2013 13: 14

Baghdad/sourcing Centre for the Iraqi media network (IMN) the parliamentary Finance Committee, reached Saturday, a preliminary agreement with the Central Bank to develop body control Government and private banks.

The Committee Member said Hasan Al-Bayati (IMN) "reached an agreement with the Central Bank for the body to monitor the work of private and Government banks and scientific reports on the most important legal and administrative constraints and the legislative work of banks"

"The body will take upon itself the twinning with international banks to ease pressure on the Central Bank".

He noted that "the first confirmed agreement on providing Central Bank Bill to this body for parliamentary Finance Committee during September.

The parliamentary Finance Committee recommended earlier by a roadmap to increase coordination and cooperation between Government and private banks to develop the payment system in banking.

The CBI said that the payments system in private banks and 40 banks technically best payment system in State-owned banks.

Tasks of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies, the management of the reserves of alamlhalagnbet, issuance and management of currency, in addition to the Palm knowledge sector.

From: Ahmed Sattar n: m h