Banking expert: Iraqi banks operate in a traditional
Banking expert said: The Iraqi banking sector reflects the economic chaos in the country floating through the exercise of his work has traditionally been far from the technological development of modern banking and most of you are working with global banks .
The expert: 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 is 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 .
He called for: 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 .
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 framework the legal 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 100 billion Iraqi dinars (ie, up to $ 85 million .