Central Bank announced that 35 banks, electronic currency trading system

15/06/2012 01:48

BAGHDAD / news center for the Iraqi Media Network - Central Bank announced that 35 private banks and the government entered the electronic trading system of the coin.


The deputy governor of the Bank for the appearance of Mohammed (center news to the Iraqi Media Network) The "32 government and private banks appeared to the introduction of electronic trading, which aims to facilitate the process of the local currency traded between banks and difficult."


"The Central Bank is working to develop a system of electronic payments between banks, the picture and then moving the foundation for the development of electronic relations between banks and customers."


The central bank seeks to develop a system of payments the country's economic and announced earlier in the high cash reserves of $ 50 billion to 60 billion dollars.


The main tasks of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies and the management of foreign currency reserves and the organization of the banking sector.


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