View Full Version : Expert: banking sector lacks methods of modern technology

Hue Mi
09-10-2013, 05:34 PM
Expert: banking sector lacks methods of modern technology (http://www.ikhnews.com/index.php?page=article&id=100261)


10-09-2013 07:24 AM

Baghdad (newsletter). The Economist said, that Iraqi banks still lack the technology and modern working methods, despite the exit of Iraq from Chapter VII.

Beautifully (News Agency): the Central Bank do a proactive movement to restore the role of banks in the economy, adding that many citizens prefer to deal with private banks to ease procedures and moves away from the routine and bureaucratic and formal issues.

And: the process of selling the dollar in the earlier period reflected negatively on the private banks due to the misuse of some of them, led to sanctions and laws on banks by the Central Bank.

He continued: the Central Bank to draw accusations of financial people and that does not include all of the banking system and misused to private banks globally and regionally and internally weaken people's confidence and that reflect negatively on the investment process.

The banking system in Iraq consists of forty-three banks as well as the Central Bank and distributed by property (7) and banks (30) Community Bank including (7) in addition to Islamic banks (6) foreign banks /finished/5 l. Eng.