Alnasiri: The central bank succeeded in developing and restoring confidence in the banking sector

Alnasiri: The central bank succeeded in developing and restoring confidence in the banking sector

November 28 2017 10:54

Baghdad Post

He said economic adviser to the banking and the Association of Iraqi private banks Samir Nasiri, Tuesday, that the policies and measures adopted by the Central Bank of Iraq and implemented by the Iraqi private banks is a program clear and specific work goals of the boards of directors of banks and executive departments, has proved successful at the level of re-trust sector, international and domestic banking and finance.

Nasiri said that among these policies classification of banks and evaluated according to their commitment and application of international standards in the rules and regulations of compliance with international accounting and combating money laundering and terrorism financing and management of credit and operational risk and liquidity risk and market and achieve the goals of monetary policy in maintaining exchange rates and reduce inflation and stimulate economic growth and building sector banker discreet

Said Nasiri, "The purpose of the policies adopted above in 2017 and developed during 2018 is to address the negative comments that her character's central bank during field visits to Mr. Governor and the team work in the bank during this year for banks, a methodology to develop practices and procedures development achieved by banks in order to improve products and banking services to the level planned by the central bank within Strutijeth action points for the years (2016-2020).

And in order to achieve financial stability and financial inclusion and investment of human capital, training and rehabilitation of human resources bank by the Banking Studies Center at the Bank and the Association of Iraqi private banks, which was able to train 1700 employees in the areas of compliance with international standards and to combat money laundering and the financing of terrorism and in the field of modern banking technology, which contributes to reducing technical gap between Iraqi banks and Arab and foreign banks sober and thus restore confidence in the banking sector of Iraq and its transition to an advanced banking sector contributes to sustainable development and provides services for the national economy Ba Tbarh is a first episode of financing and investment in the economy.

The Iraqi Central Bank Governor Ali Mohsen Keywords called in a letter addressed to the banks approved and all the formations of the Central Bank and to the Iraqi Association of private banks, in the second half of this year to the need to adopt Proactive control and field visits and exploratory to determine the joints of imbalance and reservoirs success and upgrading of the banking sector of Iraq to discreet banking sector and seek to stimulate best practices and rules that achieve stability, progress and advancement.