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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    The Association of Private Banks praises the Iraqi Central Bank’s approach to establishing digital b

    Rocky
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    The Association of Private Banks praises the Iraqi Central Bank’s approach to establishing digital b Empty The Association of Private Banks praises the Iraqi Central Bank’s approach to establishing digital b

    Post by Rocky Mon 13 May 2024, 5:03 am

    The Association of Private Banks praises the Iraqi Central Bank’s approach to establishing digital banks

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    Economy News - Baghdad
    [rtl]The Executive Director of the Iraqi Private Banks Association, Ali Tariq, praised the Central Bank’s approach to establishing digital banks to keep pace with the great development in the global banking sector.[/rtl]
    [rtl]Tariq said in an interview with Al-Iqtisad News, “The world is moving towards the digitization of banking services, and Iraq has begun its first steps in establishing digital banks, as until now there is a digital bank licensed inside Iraq, and it provides its services normally to the public.”[/rtl]
    [rtl]He pointed out that "the Central Bank of Iraq issued instructions to license banks, which set their number at a rate not exceeding 10% of the total banks operating inside the country, with a capital of 100 billion dinars, with traditional banks participating at a rate of 30%."[/rtl]
    [rtl]He added, "Digital banks are similar to traditional banks, but they differ in that they do not have branches, and most of their services are via mobile phones," noting that the size of central banks in the world has increased significantly and has reached more than 500 digital banks.[/rtl]
    [rtl]Tariq noted that “traditional banks are still providing their services through applications, and they are keeping pace with the development taking place in the banking sector.”[/rtl]


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