Criticized the work .. banking expert: Iraqi banks reflect the economic chaos prevailing in the country

Criticized the work .. banking expert: Iraqi banks reflect the economic chaos prevailing in the country

Date: Thursday, 10.05.2012 8:35

Baghdad (news) .. criticized the banking expert Mohsen Ali, the policy work of Iraqi banks in terms of the use of technology, modern banking, saying it reflects the economic chaos prevailing in the country. 
Ali (of the Agency news): The Iraqi banking sector reflects the economic chaos floating in the country through the exercise of his classic run on the development of technological modern banking and in which they operate most international banks. He explained: that the number of Iraqi banks that use electronic devices in the process of payment of salaries or transfer of funds of State very little, indicating that the process of converting the money to Iraqi banks directly still the process is organized and often carried out through other banks in the region such as banks in Jordan or the United Arab Emirates. called banking expert to: the need to compel Iraqi banks two branches of public and private use of modern banking technologies and broadcast programs of awareness and education to facilitate the work of the banking system in Iraq. It consists of the banking system in Iraq (43) Bank as well as the central bank and distributed according to ownership between (7) state banks and (30) Bank of my family, including (7) Islamic banks in addition to (6) foreign banks. In spite of the Investment Law No. 13 of 2006 had excluded the investment in the banking sector of its provisions except that the investment in the banking sector takes its legal framework on the basis of legal central bank No. 56 of 2004, banks No. 94 of 2004, with a minimum of the founding of a bank in Iraq’s 100 billion Iraqi dinars (ie around 85 million. / Finished / 8. n. r /

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