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Deputy: Iraqi banking system is still underdeveloped and operates according to the old traditional systems
May 18, 2013 in the economic
BAGHDAD - Iraq News Network: The member of the Finance Committee MP for the coalition in Iraq Hassan Bayati Auzmn to the need to develop the Iraqi banking system through the introduction of a modern electronic system has the highest security standards in the provision of banking services. Al-Bayati said in an interview must be coordination between the central bank and the Ministry of Finance and the Association of private banks for how to update the Iraqi banking system through modern electronic link to a network so that it possesses the highest safety standards in the banking world. He added: that the banking sector is the interface of the economy in each country When and develop interest in it will reflect positively on the general economic situation of the country, pointing out that the Iraqi banking system is still underdeveloped and operates according to the old traditional systems. It is noted that the banking system in Iraq consists of forty-three banks as well as the Central Bank and distributed by the property (7) state banks and (30) Ahli Bank, including (7) Islamic banks, in addition to (6) of foreign banks.
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May 18, 2013 in the economic
BAGHDAD - Iraq News Network: The member of the Finance Committee MP for the coalition in Iraq Hassan Bayati Auzmn to the need to develop the Iraqi banking system through the introduction of a modern electronic system has the highest security standards in the provision of banking services. Al-Bayati said in an interview must be coordination between the central bank and the Ministry of Finance and the Association of private banks for how to update the Iraqi banking system through modern electronic link to a network so that it possesses the highest safety standards in the banking world. He added: that the banking sector is the interface of the economy in each country When and develop interest in it will reflect positively on the general economic situation of the country, pointing out that the Iraqi banking system is still underdeveloped and operates according to the old traditional systems. It is noted that the banking system in Iraq consists of forty-three banks as well as the Central Bank and distributed by the property (7) state banks and (30) Ahli Bank, including (7) Islamic banks, in addition to (6) of foreign banks.
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