Contribution of banks to development
20/11/2017 12:00 am [rtl]Haidar Kazem al-Baghdadi International organizations have noted progress in the Iraqi financial sector after a journey of suffering due to policies that have been followed for decades that have led to a decline in economic reality in general. And this progress witnessed by the joints of the financial sector did not come out of the vacuum, but there are new systems, policies and mechanisms of work adopted by the father of this sector and means this individual Central Bank of Iraq, the main regulator of the reality of the financial sector and assesses through the mechanisms of the functioning of the banking system, especially the private which is expanding significantly . That the advancement from under the rubble and work hard task faced with major challenges and whatever the development of mechanisms of action we need more, and here we find that the Iraqi Central closely follows the reality of work and guide the evaluation, and the removal of banks from the reality of financial crimes in all forms after the banks have the ability to prevent Cases of money laundering and terrorism financing, as well as banking awareness, which is an important element in the banking system. Here we can say: The reality of the situation requires that we turn to the developmental aspects after the completion of regulatory measures with the great interaction witnessed by the last phase between banks and the Central Bank. And we have a large banking system represented by local banks and branches of major foreign banks operating in Iraq, and this device can support the stages of development through the performance of this device functions in a way that benefits the parties, and can follow the local banks and branches of foreign banks and know the extent of their contribution to the developmental aspects in Iraq, especially that the international capital wants to work in Iraq to the abundance of employment opportunities, let alone banks are already in Iraq, the task of work is easier and greater economic feasibility. The banking system around the world has witnessed great technical breakthroughs and can be used in Iraq through the branches of international banks located here, through activating cooperation with them to a large extent and the local competencies in these branches to acquire the necessary expertise, as the volume of work in Iraq is very large and absorb more efforts. At the same time, we can not deny that we have banks that have exceeded the large stages in the possession of technologies and find them in a clear interaction with the public and provide the necessary services, including major and modern, did not exceed the capital of 100 billion, which alerts that our banking system is able to support development and needs to know How much contribution to this matter, and here comes the role of the concerned authorities to organize this process and the classification of banks according to that and take care of the most prominent ones. [/rtl] [rtl][You must be registered and logged in to see this link.] [/rtl] |
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