Central Bank: Banks turned to foreign companies to convert the financial

08/15/2012

BAGHDAD / JD / .. criticized the work of the Iraqi Central Bank foreign banks in Iraq, which shifted from banking to post office money transfer.

The deputy governor of Bank of the appearance of Mohammed Saleh Posted agency / JD / that foreign banks decided not to dwell in the realm of the Iraqi economy being unstable, despite its strength and high stocks, but it Arat not to exercise the activities of conventional banks in trade finance and lending prompt and futures, like international banks in other countries, noting that it meant a quick profit through simple and not to risk their money in projects warheads could threaten its future.

Saleh added that the Central Bank of the process of determining new insights into the organization of work of these banks in Iraq, setting new conditions in the banking business to have its presence positively to the farthest extent possible through the support of free trade and the supply of hard currency for projects large and small. / Finished / 20 /

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