Home
Recovery of the financial sector
02/01/2017 0:00
[rtl]It 's really heartening to accelerate steps to the introduction of technologies in the Iraqi banking sector, as many of the suffering this sector of the delay in performance and a decrease in credit rates and the size of deposits caused by the absence of intractable to treatment of trust between the public and between the government and private banks alike, it which it was and still is a major cause to enter the sector of the recovery room due to his inability to perform its most important function of moving the money supply beyond the circulation, estimated by the CBI about 71 percent of the money issued by this bank. Thus, the introduction of technologies will revive this sector through the reduction of slack loops and reducing the phenomena of corruption and bureaucracy, which would push back the confidence of these financial institutions.
The achievements made in this regard during the past four months for optimism and wonder at the same time , since all what has been achieved over the past thirteen years in the axis of the introduction of technologies as the most important hub in the trilogy restructuring of State - owned banks and raise the eligibility banks with the restructuring of capital and personnel training, It is not achieved by more than one entry clearing system and e-purchase communication and computing electronic systems, while came to us the past four months the introduction of the "National divider" private system of exchange of financial transfers through credit cards , which will link the banks communications network and one will facilitate a lot of trading and banking transactions can be that eliminates the standard routine review of banks and complete the transaction as soon as possible, through electronic payment instruments, while the work was "electronic system for the exchange of credit information" to pay off to leave style - based paper correspondence work and contributes to the credit risk assessment and make quick decisions in granting loans In the payment and clearing operations. Previously these two important steps the introduction of the electronic Form in the Central Bank 's initiative loans in the specialized banks, and in the ninth of January , the Central announced the adoption of the international mathematical figure IBAN in all local and foreign remittances for the purpose of unification of bank account numbers will contribute to the improvement of the level of financial, banking , and bypass services common mistakes valuable use of customer accounts when remittance figures .. as well as the amendments made by the central mechanisms in entering the auction sale of the currency, and a decision independently in the fight against money laundering within the central office. And contracting with international companies for training on modern operations in the fight against money laundering. All of these important steps will not stand usefulness when restore confidence among the public and among financial institutions, but will be extended to encourage the arrival of foreign funds to the Iraqi home and will contribute to creating a favorable climate for investment, but the question hovering at timings, why were all these steps late and once at this time ?[/rtl]
[rtl][You must be registered and logged in to see this link.]
[/rtl]
» MM&C 9/29/24 "THE EXPECTED PATH OF THE IRAQI ECONOMY"
» MM&C 9/29/24 What would happen to the Iraqi dinar if the zeros were removed? Comment by Dr. Mahmoud
» MM&C 9/29/24 What after the closure of the currency auction at the Central Bank of Iraq?
» Iraq doubles stock traders by 500%, US sanctions against banks will be lifted - Al-Haymas
» The Central Bank of Iraq discusses opening communication channels with the Spanish.. Al-Alaq meets w
» Central Bank Sells Over $263 Million in Auction Today
» Market Forces Committee recommends holding an Iraqi-Turkish forum in Baghdad
» The Central Bank determines the commission of exchange companies for selling the dollar
» House of Representatives amends tomorrow's session agenda
» Internal and external debts "exhaust" the Iraqi budget, and experts diagnose the reasons
» "One of the doors of corruption" .. Parliamentary Transportation Committee criticizes the food file
» House of Representatives amends agenda for tomorrow's session
» Market Forces Committee recommends holding an Iraqi-Turkish forum in Baghdad
» Interior: We have concluded more than 10 different contracts with the military industry
» Director of Iraqi Ports issues directives to Umm Qasr Port Management
» Drafting a draft law to regulate electronic payment
» Al-Sadiqoun to the Foreign Ministry: Why did the Iraqi representative to the United Nations not with
» Mr. Al-Hakim to the British Ambassador: The international community bears the responsibility to prev
» In detail.. Transport announces the completion of all sections of the five berths project within the
» Developing a new method for recycling plastic waste
» Popular movement criticizes the position of the Ministry of Foreign Affairs on what is happening in
» Parliamentary Committee Supports Imposing Collection Fees on Services
» Politician: Parliament presidency negotiations have been limited between Progress and the Framework
» Parliamentary Security announces its follow-up to the agreement with the coalition forces regarding
» MP: Our ability to combat airspace violations has tripled
» After the Baghdad-Washington agreement... fears of American evasion to continue the presence of its
» Governmental move to implement new infrastructure projects
» Iraqi Army Prepares.. High-Level Security Meeting to Confront "Any Emergency" (Video)
» Al-Haims expects lifting of "sanctions" on Iraqi banks: No violations proven
» With a length of 37 km.. Water Resources completes the dredging and purification of the Sabla dirt s
» Record high for house rents in Baghdad
» Market Forces Committee recommends holding an Iraqi-Turkish forum in Baghdad
» The presence of "explosive materials" in Iraqi ports raises controversy... What is happening?
» Iraq ranked 64th globally in the hunger index last year
» Law to regulate {electronic payment}
» New infrastructure projects
» Government Real Estate Statistics
» big goal
» The President of the Republic and the Prime Minister call for unifying ranks and words
» Government completes diplomatic action plan
» Completion of 11 industrial investment projects in Najaf
» {Service Government} has proven its effectiveness in word and deed.
» Al-Sudani discusses regional situation with EU representative
» Implementation of 50 service projects in Maysan
» Transport coordinates internationally to develop the performance of Iraqi Airways
» Parliamentary Education Committee expects {Sabah} to discuss the third round and critical grades pro
» Soon.. Opening of two strategic projects in Baghdad and Wasit
» Justice begins census of government properties
» Minister of Resources to {Al Sabah}: Giant projects will provide large quantities of water
» Ruling out early parliamentary elections... Mahmoud Othman: Kurds "still" support Al-Sudani's govern
» Among them is the Director of Nationality and Passports.. Lists of names of those included in the pr
» As if he bought them from a "slave market".. Arrest of a man accused of "buying" foreign female work
» Roads and Bridges Department: There are those who inflame public opinion and distort our achievement
» Iraqi Reading: The Middle East Faces Two Choices and Israel Will Not Stop Escalation - Urgent
» Al-Sudani decides to postpone his official visit to the United Kingdom
» Barzani's party responds to Pavel Talabani: You run half of the region and respect the feelings of o
» Factions: The bullet to confront the invasion of Lebanon will be Iraqi and our missiles are ready
» New instructions from the Iraqi Embassy in Damascus to Iraqis and Lebanese
» Iraqi oil opens trading this week with a rise in global markets
» MP: Border security has reached its final stage
» “Mobile phones are prohibited inside polling stations”.. Kurdistan Interior Ministry issues decision
» "Factions" doubt US withdrawal from Iraq and demand inclusion of 3 points in the "new agreement"
» Migration drains Christian presence in Iraq.. Security, economy and government representation are th
» Retirement to Al-Zawraa: E-governance has ended paperwork and bureaucracy and achieved a shift in ou
» Investment devours the green... Nineveh loses half of its agricultural lands in a random race for pr
» Social assistance and scholarship salaries to be released next Tuesday
» 6 items on the parliament's agenda tomorrow, Tuesday
» Parliamentary Education: The failure rate of the sixth preparatory school is high.. and we are worki
» Here are the dollar prices in the Iraqi stock exchanges
» Arrest of a man accused of buying foreign workers and abusing them in Baghdad
» Ending the mission of the international coalition in Iraq.. the stage of "freezing tension" and a ne
» utube MM&C 9/26/24 Iraq Dinar News-Iraq Plans Redenomination of Currency-Value of it Related-Elect
» Advisor to the Prime Minister rules out a decline in gold prices in the coming period..and explains
» Legal expert: If it weren't for the Security Council's collusion, the Zionist entity would have been
» Minister of Planning announces field progress in preparations for the census
» Proposal before the government to form an economic and security crisis cell
» Al-Karawi: The government's ignoring of the resistance's request is a betrayal of the blood of the m
» Iraq is the fourth largest importer from Türkiye during the past month
» The Prime Minister directs that Lebanese citizens wishing to come to Iraq be granted fast travel doc
» US releases founder of cryptocurrency exchange Binance
» The Central Bank of Iraq issues a warning to exchange companies regarding the sale of dollars
» The Central Bank of Iraq sells more than $ 258 million in today's auction
» Launching of aid and scholarship salaries this week
» Karbala begins implementing 154 projects
» Next Tuesday.. Closing of the application for the central admission form
» Service effort: Including the capital and 4 governorates in next year’s plans
» Rafidain Bank issues instructions for granting real estate loans
» The expected path of the Iraqi economy
» Experts: Population census shapes economic policies and directs investments
» Central Bank records more than $1 billion in currency sales in a week
» The Central Bank of Iraq warns exchange companies that sell dollars to travelers from receiving a co
» Iraq under the microscope.. Will Baghdad succeed in avoiding regional conflict after the assassinati
» Al-Sudani makes a phone call to the Lebanese Prime Minister
» How will developments in Lebanon affect the Iraqi economy and the oil market?
» The position of the Speaker of Parliament and developments in the region on the table of Masoud Barz
» Targeting of an American base in Syria by Iraqi factions
» Official: Border shelling targeted Iraqi faction, reports of casualties
» How much is Iraq's external debt in light of the fluctuation in oil prices?