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Keywords: $ 200 billion worth of assets in banks
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The governor of the Central Bank of Iraq, Ali Alalak, the total assets in banks operating in the country is 200 billion dollars.
Al-Alak said in his speech at the meeting of the "partnership in investment" within the Forum on investment and reconstruction opportunities in Iraq and attended by "Economy News", "The cash credit provided by banks amounting to 30 billion dollars and weaken this figure of credit contract," noting that " The amendment of the organizational structure, the establishment of risk units, combating money laundering and the financing of terrorism, among others. "
He added that "the central bank has developed the system of payments and will soon launch payment by mobile phone," asserting "Last year we launched the common system known as the IBAN for all accounts and Iraq is one of the 47 countries in the world implement this system, which facilitates the process of financial transfer "He said.
He pointed out that "MasterCard will establish a school in Iraq to develop young people to use credit cards and others," adding that "the inflation rate in Iraq does not exceed 2%."
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