Central Bank confirms the evolution of payments policy on governmental civil banks



12/06/2012 04:17

Baghdad/Centre the predicate of the Iraqi media network — the Iraqi Central Bank announced that the payments system in private banks and 40 banks better technically than the payments system in State-owned banks.

Deputy Central Bank Governor Mohammed Saleh for appearance (the predicate of the Iraqi media network) that "the system of payments in private banks is much better than the payments system in State-owned banks as a result of the technical evaluation meetings operations and sophisticated super capacity in banking altkelnoget".

He noted that "the Iraqi Government the best trade Bank of Bank alrabevdin and rational in this aspect and is trying to continue to develop payments system."

"The banking network in Iraq need more sections as ghaliafttah assumes that every 10,000 citizens Bank of native but Iraq where every 40,000 Bank".

Total capital banks ist billion and 600 million dollars currently, except its Arabic and foreign bank branches operating in the country.

And boils down to the Iraqi Central Bank functions in maintaining price stability, monetary policy implementation, including exchange rate policies, management of foreign currency reserves, issuance and management of currency, in addition to regulating the sector banks.

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