Central Bank: Banks turned to foreign companies to convert the financial
Central Bank: Banks turned to foreign companies to convert the financial
08/15/2012
BAGHDAD / JD / .. criticized the CBI work of foreign banks in Iraq, which shifted from banking to post office money transfer.
Deputy Governor of Bank of the appearance of Mohammed Saleh Posted agency / JD / that foreign banks decided not to dwell in the realm of the Iraqi economy as it is stable despite its strength and high stocks, but it Arat not to exercise the activities of conventional banks in trade finance and lending prompt and futures, like international banks in other countries, noting that it meant by quick profit simple and not to risk heads their money in projects that might threaten its future.
Saleh added that Central Bank of the process of determining new insights into the organization of work of these banks in Iraq, setting new conditions in the banking business to be a positive presence to the farthest extent possible through the support of free trade and the supply of hard currency for projects large and small. / Finished / 20 /
Source: dananernews