Jwdwrd
01-09-2011, 09:54 AM
Ministry of Finance: 90% of private banks operating within the guidelines of cash
Baghdad, January 9 (Rn) – The Ministry of Finance of Iraq, Sunday, that more than 90% of private banks in the country operate according to distinct monetary controls, indicating that the Iraqi Central Bank has succeeded in the development of private banks during the last period.
He said Undersecretary Zia Alckheon Kurdistan News Agency (Rn), said that “more than 90% of private banks operating within the guidelines of cash deals enjoyed by government banks, and there are any problems hinder the exchange of financial or distorted.” He said.
He explained that “private banks that operate outside the monetary financial instructions that requires them to change their approach and raise their level to advanced level of private banks.”
The Alckheon that “the Ministry of Finance had no problems with the Iraqi Central Bank with regard to private banks to file his success in development work, mostly during the last term.”
The Ministry of Finance announced in May last for the formation of an ad hoc committee to develop and organize the work of private banks in the country.
The number of private banks to 36 banks now, with the number of branches in Baghdad and other provinces from 100 to more than 600 branch to compete in the number and level of services the branches of a bank of Iraq and rational, with a capitalization billion and $ 600 million.
AKnews
http://wp.me/pZC7o-4pE
Baghdad, January 9 (Rn) – The Ministry of Finance of Iraq, Sunday, that more than 90% of private banks in the country operate according to distinct monetary controls, indicating that the Iraqi Central Bank has succeeded in the development of private banks during the last period.
He said Undersecretary Zia Alckheon Kurdistan News Agency (Rn), said that “more than 90% of private banks operating within the guidelines of cash deals enjoyed by government banks, and there are any problems hinder the exchange of financial or distorted.” He said.
He explained that “private banks that operate outside the monetary financial instructions that requires them to change their approach and raise their level to advanced level of private banks.”
The Alckheon that “the Ministry of Finance had no problems with the Iraqi Central Bank with regard to private banks to file his success in development work, mostly during the last term.”
The Ministry of Finance announced in May last for the formation of an ad hoc committee to develop and organize the work of private banks in the country.
The number of private banks to 36 banks now, with the number of branches in Baghdad and other provinces from 100 to more than 600 branch to compete in the number and level of services the branches of a bank of Iraq and rational, with a capitalization billion and $ 600 million.
AKnews
http://wp.me/pZC7o-4pE