After the exit of Chapter VII sanctions on Iraq, international banking organizations are looking to invest in Iraq. The Iraqi central bank has recently declared that presently Iraq possesses high volume of foreign reserves, which is around 76 billion dollars and in addition to that bank owes 30tons gold bullon.
Baghdad (newsletter). Banking expert and Director of the Association of private banks a. Finch, that Iraq is free from money-laundering operations, to financial abundance by a foreign country.
Corrupt and minus, Two words Ttradvan on the tongues of pensioners and low-income earners and young employees, who often pay their salaries small class currency thousand dinars and coins smaller and all damaged.
success of Iraqi banks to earn and gain reputation and international confidence is very important in promoting economic relations between Iraq and the world, and this success, passed by the Prime Minister in his speech at the ceremony held by the Trade Bank of Iraq on the occasion of celebrating the tenth anniversary of its foundation but involves realizing the government of the importance of banks in the development What is required of banks to maintain this international assessment and associated recognition and support of government?
*Central Bank Governor promises bright future for Iraqis*
*By Adel Kadhem
Azzaman, July 9, 2013
Iraq’s financial capabilities are stronger…
Preparing JP Morgan Bank (JPMorgan) American enter the Iraqi market as the second largest oil exporter in the OPEC countries and through specific access to the Convention for one year with the Trade Bank of Iraq to finance shipments of imported goods and services to Iraq.
Central bank sales rise to $ 231 million in Tuesday’s session …
It seems that the positive atmosphere of dialogue between the political blocs began a reversal on the work of the House of Representatives to pass the law, as it is expected to pass about 20 legally disabled during the next few days after it has been agreed upon.
said banking expert Wadih Alhantal the importance of working on the development of the banking sector and access its services to the global products that must be provided to the public beneficiaries, pointing out that the ways of development of the financial sector has become more affordable than before after the entry into force of the country from the provisions of Chapter VII.