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Towards a solid banking sector
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In the middle of last year, and through a diagnostic and analytical view of the Central Bank of the expectations of a new stage of economic stability after the Orientalism of a new economic reality after the economic steadfastness and decisive victory over terrorism Mr. Ali Al-Alaq, the Governor of the Central Bank sent a letter to Iraqi banks and the Association of Iraqi private banks ) Is a curriculum and a clear and specific work program for the boards of departments of banks and executive departments. At the meeting held Sunday for banking leaders, the governor stressed the validity of reading the visions and policies and steps that the message organized after the variable And developments in the stability of the exchange rate for three months and the urgent need for banks to move to the stage beyond the window of currency and the orientation to real banking. And that the boards of directors assess the course of the banks and start effectively implement the message, whose first objective is to address the negative remarks that the governor and the central bank departments during their field visits to banks during the past year and this year and adopted a methodology to develop the practices and development procedures achieved by banks to upgrade the products and services to the level of banking Which is planned by the Central Bank within the Strategic Action Points for the years (2016-2020), in order to achieve financial stability and financial coverage and investment of human capital and modernization in the banking technologies, which contributes to reduce the thousand The technical aspect between Iraqi banks and Arab and foreign banks, and thus restore confidence in the Iraqi banking sector and move it to a solid banking sector contributes to sustainable development and provide services to the national economy as the first link financing and investment in the economy. And the focus on that banks must determine their needs from the Central Bank for the purpose of continuing to communicate within the banking system sober, which provides the latest and best products and banking services for citizens and modern techniques and contribute to the revitalization of the economic cycle and contribute to development because it is time for banks to consider unable to meet the requirements of the next phase seriously The integration of the new phase, as defined by the letter is the adoption of proactive control and field visits and exploration to identify the joints of imbalance and the foundations of success and upgrading Iraqi banking sector to the discreet banking sector and seek to stimulate best practices and rules that achieve stability, progress and advancement.
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In the middle of last year, and through a diagnostic and analytical view of the Central Bank of the expectations of a new stage of economic stability after the Orientalism of a new economic reality after the economic steadfastness and decisive victory over terrorism Mr. Ali Al-Alaq, the Governor of the Central Bank sent a letter to Iraqi banks and the Association of Iraqi private banks ) Is a curriculum and a clear and specific work program for the boards of departments of banks and executive departments. At the meeting held Sunday for banking leaders, the governor stressed the validity of reading the visions and policies and steps that the message organized after the variable And developments in the stability of the exchange rate for three months and the urgent need for banks to move to the stage beyond the window of currency and the orientation to real banking. And that the boards of directors assess the course of the banks and start effectively implement the message, whose first objective is to address the negative remarks that the governor and the central bank departments during their field visits to banks during the past year and this year and adopted a methodology to develop the practices and development procedures achieved by banks to upgrade the products and services to the level of banking Which is planned by the Central Bank within the Strategic Action Points for the years (2016-2020), in order to achieve financial stability and financial coverage and investment of human capital and modernization in the banking technologies, which contributes to reduce the thousand The technical aspect between Iraqi banks and Arab and foreign banks, and thus restore confidence in the Iraqi banking sector and move it to a solid banking sector contributes to sustainable development and provide services to the national economy as the first link financing and investment in the economy. And the focus on that banks must determine their needs from the Central Bank for the purpose of continuing to communicate within the banking system sober, which provides the latest and best products and banking services for citizens and modern techniques and contribute to the revitalization of the economic cycle and contribute to development because it is time for banks to consider unable to meet the requirements of the next phase seriously The integration of the new phase, as defined by the letter is the adoption of proactive control and field visits and exploration to identify the joints of imbalance and the foundations of success and upgrading Iraqi banking sector to the discreet banking sector and seek to stimulate best practices and rules that achieve stability, progress and advancement.
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