Keywords: The banking sector in Iraq is growing and growing in order to expand the base of different economic trends

Economy News _ Baghdad

The governor of the Central Bank Ali Alalak, on Monday, that the banking sector in Iraq is growing and growing, so as to expand the base of different economic trends.

"The banking sector in Iraq is growing, expanding and expanding in order to expand the base of different economic trends," said the governor of the Central Bank Ali Al-Alaq in his speech during the first Iraqi conference of exchange companies and attended by "the economy news". He pointed out that "exchange companies represent an important part of the banking process through The great work done by the banking companies operating in the country. "

"The exchange companies in Iraq is one of the largest companies now in the level of exchange companies operating in the countries of the world."




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Central Bank: The preparation of exchange companies in Iraq is the largest in the region
Monday, January 21,




Alsumaria News / Baghdad
The governor of the Central Bank Ali Alalak, on Monday, the possession of Iraq exchange companies are the largest in the region and a number of countries in the world, stressing that these companies are not just "small shops."

"The number of exchange companies in Iraq is the largest in the region, but the largest in many companies located in the countries of the world," noting that "this reflects the importance of these companies and their role and the nature of the economic reality in the country "He said.


"The Central Bank is maintaining the stability of the exchange rate, which is a goal to achieve real growth and stability, which is the essence of monetary policy to achieve economic stability in the country and exchange companies are playing an important role in this framework and any imbalance will be reversed," adding that " Companies and make them close to keep pace with developments in the world. "

Al-Alak pointed out that "the bank asked exchange companies to take steps is to assemble companies from the forces capable of development and keep pace with global development," pointing out that "some companies have forgiven for several reasons."

"The world is currently living in an age where these companies can not be a small shop that opens in a short time and closes at a certain time, but these companies must perform vital work and provide services parallel to financial institutions," he said.

Most of the private banks and exchange offices in Iraq rely heavily on the central bank auction to obtain profits without performing its credit work.


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Central Bank reveals the number of banking companies in Iraq


[ltr] The governor of the Central Bank of Iraq, Ali Alalak, on Monday, that Iraq has a number of exchange companies are the largest in the region and a number of countries in the world.

"The number of exchange companies in Iraq is the largest in the region, but the largest in many companies located in the countries of the world," noting that "this reflects the importance of these companies and their role and the nature of economic reality In the country".

He added that "the central bank is maintaining the stability of the exchange rate, which is a goal to achieve real growth and stability, which is the essence of monetary policy to achieve economic stability in the country and exchange companies are playing an important role in this framework and any imbalance will be reversed," noting that "the Bank continues to develop these companies And makes it close to keep pace with developments in the world. "

Al-Alak pointed out that "the bank called on exchange companies to take steps to assemble companies from forces capable of development and keep abreast of the global development," stressing that some companies have forgiven for several reasons.

The Department of Banking and Credit Control at the Central Bank of Iraq, confirmed earlier that there was in Iraq 340 banking companies in 2003, and rose over the past years to more than 2000 companies, and they buy the dollar from the Central Bank through a single window to provide foreign currency Of citizens.




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