Criticized the work .. banking expert: Iraqi banks reflect the economic chaos prevailing in the country

Criticized the banking expert Mohsen Ali, Iraqi banks policy work in terms of the use of modern banking technology, saying it reflects the economic chaos prevailing in the country.
Ali said: The Iraqi banking sector reflects the economic chaos in the country floating through the exercise of his work is far from the traditional technological development and modern banking in which they operate most international banks.

He explained: that the number of Iraqi banks that use electronic devices in the process of payment of salaries or transfer of funds of State very little, indicating that the process of converting the money to Iraqi banks directly is still the process is organized and often carried out through other banks in the region such as banks in Jordan or the United Arab Emirates.

The expert called to the bank: the need to bind two branches of Iraqi banks and public sectors using the techniques of modern banking and broadcasting programs of awareness and education to facilitate the work of the banking system in Iraq.

It consists of the banking system in Iraq (43) Bank as well as the central bank and distributed according to ownership between (7) banks and government (30) my family, including Bank (7) Islamic banks in addition to (6) foreign banks.

In spite of the Investment Law No. 13 of 2006 had excluded the investment in the banking sector of its provisions but the investment in the banking sector takes its legal framework on the basis of legal central bank No. 56 of 2004, banks No. 94 of 2004, with a minimum of the founding of a bank in Iraq 100 billion Iraqi dinars (ie, up to $ 85 million.


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