Expert: Iraq banking policy is clear and you need a plan to develop

14-05-2012 | (Voice of Iraq) - Add a comment -
Baghdad (news)

Proposed banking expert Mohsen Ali to develop a new action plan for the development of Iraqi banks, noting that the banking policy in Iraq is a clear need to review them.
Ali said the Agency (news) said on Monday: The Iraqi banks need to put a new action plan in line with modern technological development, to develop the work of Iraqi banks, whether governmental or private.

And: that banking policy currently followed in Iraqi banks is not clear and led to the failure of the banking sector technology and made it away global development, indicating that it needs to reconsider much of its procedures conflicting that cause loss of time and effort and the freezing of funds of banks, which is the heart of every economic system in the world.

It consists of the banking system in Iraq from the forty-three banks 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.

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