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Rafidain Bank: restructuring of our bank and Rasheed Stgolhma more efficient and does not mean separating them from the financial

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Rafidain Bank: restructuring of our bank and Rasheed Stgolhma more efficient and does not mean separating them from the financial Empty Rafidain Bank: restructuring of our bank and Rasheed Stgolhma more efficient and does not mean separating them from the financial

Post  Admin Sun Dec 07, 2014 9:28 am

07/12/2014 12:20



Long-Presse / Baghdad

, Confirmed the Rafidain Bank, on Sunday, demanding that parliament was restructuring with his brother, Rashid, does not mean separated from the Ministry of Finance, but come to improve and Aqahma and increase their effectiveness and automation of their work along the lines of international banks, noting that cases of breach recently witnessed that motivated with the Central Bank of Iraq, to re-examine the system of electronic clearinghouse to put controls "tougher" to control it around completely.

The Director-General of the Rafidain Bank, on behalf of al-Hassani, said in an interview to the (long-Presse), "The invitation Parliamentary Finance Committee to structure the Rafidain and Rasheed, through the study of Qanonehma, does not mean separation from the Ministry of Finance, but also rid the budget of owed them debts more efficiently and imbedded and mechanization of work along the lines of international banks ", noting that" Rafidain Bank form the basis part of the national financial system and supports the Iraqi economy. "

The Parliamentary Finance Committee, revealed earlier for examining legislation bill to restructure the Rafidain and Rasheed made available to them, including the possibility of competition in the market.

He said al-Hassani, that "the attempt that almost lead to a loss of 142 billion dinars from the bank's assets, not for his commitment and solidarity with stakeholders, made him the Central Bank of Iraq, reconsider the electronic clearing system recently introduced by the latter."

Known bankers clearing as discount part of the top value of the debt between two people both creditor and debtor at the same time, the sense of religion from another religion higher value than truncated, and is based on the use of magnetic instruments read special devices connected to the information network of the Central Bank of Iraq, to ​​provide the banks concerned and the World Bank Central, the financial position of each of the instrument as the editor of the debtor and the holder as a creditor alike, to take place during the clearing process after mere seconds, after that was to continue for days or weeks, or even months in some cases, through paper instruments.

The promise of the Director-General of the Rafidain Bank, "revisit the clearing system does not mean that there was something wrong as far as the need for more explicit details, the largest and training for employees," he continued that the "incident prompted the bank with the central bank to put more stringent controls, to develop the system and control almost the entire ".

The al-Hassani, was approved in the (27th of November 2014), during a press conference held at the bank building, there was a "defect and negligence" in the transfer of $ 142 billion dinars to the Muslim country's bank, retrieved after 48 hours, and confirmed that investigations were continuing to uncover those involved convert the amount by electronic clearing system and the number, and while pointing to the formation of an operations room to stand on the incident.

The Central Bank of Iraq, announced earlier on Saturday, for the formation of a committee to uncover the circumstances of the theft of 500 billion dinars from the Rafidain Bank, noting that most of the stolen money was returned from the banks that have transformed the exception of certain amounts to the two banks are being dealt with now.


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