****** Expert: applications support monetary policy responsibility of the Association of Banks

8/20/2014 0:00

The aim of the development of the banking sector 


BAGHDAD - Hussein al-Tamimi Tgb 


Said banking expert Samir Alnasiri importance that the program focuses on the work of the Association of private banks in Iraq to achieve the goals of central require to meet the challenges faced by the private banks and find ways and mechanisms and new contexts and in coordination and cooperation with the Iraqi Central Bank, which administers the monetary policy and trends that serve the national economy 


He noted in an interview for the "morning" to the need to work on building the introductions true for the transition to a market economy in accordance with the insight confirms that the private banking sector should play a leading role in partnership with all the episodes of macroeconomic in the economic process, especially that Iraq is on the verge variables important political and economic The objective is proper construction of the economy and the investment of national resources in order to achieve the well-being of the community. 


He pointed to the possibility of achieving it through three directions start of the relationship with the Central Bank of Iraq through activation of joint work with him and to address the problems of the private banks, which would contribute to finding an active role in the application of monetary policy and contribute to economic development.



As well as organizing activities and specialized seminars and workshops jointly with the central bank and the financial and banking institutions and cultural centers to serve the economic and overcome the challenges faced by the Iraqi banking sector and reformed. 


He pointed to the importance of building bridges of cooperation with the government banks and in particular the Rafidain and Rasheed and Trade Bank of Iraq in order to overcome the obstacles to work in the private banking sector and the creation of cooperation and partnership in the plans and directions for the service of our national economy, as well as working with the Central Bank as a team and not two, and the role of private banks supportive in safety applications of monetary policy and the central achievement of the goals of economic development. 


The second trend, it focuses on the importance of relations offshore banking through the development of new policies to deal with institutions and organizations, banking and financial Arab and particularly Association of Banks in Lebanon and the Union of Arab Banks and the International Union of Arab Bankers and the Association of Banks Jordan and associations of banks, other Arab states in the Gulf Cooperation Council and international organizations in Iraq and outside Iraq. These include policies and dealing equal and mutual cooperation in the areas of technical support and training, rehabilitation and organizing joint activities inside and outside Iraq. 


Promised the formation of a delegation representing the Association within the administrative board and the banks members of the General Authority is important for the purpose of visits to the headquarters of these associations, unions and the signing of memoranda of understanding and joint cooperation with them include privileges that will be obtained and training opportunities for staff of private banks Iraqi at the level of Arab and regional states in particular. 


Alnasiri between the cultural activity bank is preparing a plan for conferences and specialized seminars and training courses, which will link set up and identify themes and to work to create the accessories and the focus is to follow up on the recommendations of the Banking Conference first and regulate banking conference a year to discuss the strategy of private banking for the next phase and the establishment of specialized training courses in coordination with training centers in regional countries, the banking and banking experts Iraqis.


Pointing to the importance of the development of the preparation, editing and design themes and Doors contained Magazine (Iraqi banks) and re-considered in terms of the content and purpose and artistic craft.




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