09/05/13 .. BAGHDAD (independent) .. Economic Media Center praised the acceptance of the Iraqi Central Bank opened a branch of the Bank of Standard Jartrd in Iraq, which is one of the major banks in the world, which it is hoped the opening of its branch before the end of this year.
He described the central bank's decision to place important step that carry more than the benefit of Iraq and one of the features out of Iraq from Chapter VII of money and banking would develop in Iraq and open the door to global Almassa rack to open branches along the lines of this bank.
The center confirmed in a statement that the opening of this section is to provide banking facilities and services, credit and opening credits levels is currently available to customers of Iraqi banks, which constitutes a new phase of banking dealings in Iraq.
He added to it a vote of confidence of the Iraqi currency more than ever before via traded by the bank and supports Iraq's efforts to enter the international credit rating
Media Center Economic stressed that the seriousness of this bank in the provision of modern, accessible via its branch This will make it imperative for the local banks, both government was or civil that the development of its performance bank to maintain the spirit of competition with foreign banks that perform Aalmassarv local is not considered acceptable, even if the minimum and that the capital their money mostly low and limited activities practiced by high interest rates on loans are no longer able to compete, but to re-evaluate this performance and scalability to keep pace with the evolution of banking in the world