Economic Affairs Minister at the American Embassy to see mimot, Wednesday, that the banking sector is one of the most important causes for the development of the Iraqi economy, and we will work with him to develop it, we also encourage the banks to open relations us private banks Association, International Development Bank indicates that many Iraqi private banks in compliance with international standards, and is ready to open accounts with foreign correspondent banks for its outstanding staff and integrated services, accusing the directors of the Bank of Baghdad, State banks to acquire banking in Iraq because of government policies that support at the expense of the banking sector.
It was during the interactive session held by the Association of private banks in Iraq involving both Central Bank representative Mazin Arabic banks Union representative morning khawla al-Asadi, a member of the parliamentary economy Committee Mehdi Hafedh private and Government banks managers and heads of Arabic and foreign bank branches operating in Iraq with the Minister for Economic Affairs of the American Embassy to see mimot, in addition to the US Treasury's representative in Iraq, to open a new page of relations with foreign banks and specifically American banks.
Iraqi private banks Association said in a statement after the meeting I got (range) "the purpose of this meeting is to open new page talk of relations with foreign banks and specifically with the US, where banks formed a Committee chaired by the representative of the Central Bank, will set up a delegation comprising Government and private banks to visit USA and solid relationships with correspondent banks and specifically.
The Association stressed that the Arab American Bank Conference to be held in New York on the 16th of the month of October next, Iraq will attend a large Bank delegation, pointing out at the same time having great faith got between Iraqi private banks Association and the US Treasury.
Minister of Economic Affairs of the American Embassy to see mimot, stressed during the meeting, he briefed on activities carried out by the Iraqi private banks Association as charity and human capacity development in the banking sector through training, specifically in file fight against money laundering and terrorist financing, "the banking sector is one of the main reasons for the development of the Iraqi economy and will work with him to develop, as will encourage the banks to open relations with us private banks Association, calling on private banks" need to find new ways to lend to Small projects to contribute to the development of the relationship between foreign banks and companies that will lead to the development of relations with foreign banks, "he said, adding that" the US Government cannot impose anything on private banks. "
In turn the representative Central Bank during the morning meeting, Mazen said "Iraq is committed to international standards, specifically in the areas of combating money laundering and risk management and insurance, international accounting, and there is a Central Bank of emphasis on the need for banks operating in Iraq with these standards, especially after issuing banks" rating, stating that "Iraq went through the current phase is to open relations with foreign banks and Arabic we have formed a Committee in this matter." Meanwhile, Arabic Bank Union representative, President of Rafidain, khawla al-Asadi, the "classification of the new Iraq is located in the area continue after leaving the gray area," adding that "Iraq progress very heavily in the fight against money laundering and financial reports Arabic refers to Iraq's access to advanced classification, so we will work to develop a relationship with correspondent banks.
He said the International Development Bank Chairman Ziad Khalaf, in an interview during his meeting, that "there are many Iraqi private banks in compliance with international standards and are ready to open accounts with foreign correspondent banks for its excellent staff, policies and procedures are subject to global standards, in addition to integrated services.
So asked the South Bank Chairman zaidi, is that the problem of opening bank accounts in Iraqi banks lie global banks or foreign banks and specifically American.? In Baghdad, the head of the Bank Commissioner is a private banks on behalf of banks, "dahi acquires banking in Iraq because of government policies that support at the expense of the banking sector.
The banking system in Iraq consists of (54) a Bank as well as the Central Bank and distributed by ownership (7) and banks (23) a commercial bank, including special (9) in addition to Islamic banks (15) branches of foreign banks. Iraq at a time of financial and economic crisis as a result of a decline in global oil prices and economy of unilateral dependence on oil exports to finance the balance annually without relying on non-oil resources, and the war against terrorism, which called on the Government to take a series of austerity measures.
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It was during the interactive session held by the Association of private banks in Iraq involving both Central Bank representative Mazin Arabic banks Union representative morning khawla al-Asadi, a member of the parliamentary economy Committee Mehdi Hafedh private and Government banks managers and heads of Arabic and foreign bank branches operating in Iraq with the Minister for Economic Affairs of the American Embassy to see mimot, in addition to the US Treasury's representative in Iraq, to open a new page of relations with foreign banks and specifically American banks.
Iraqi private banks Association said in a statement after the meeting I got (range) "the purpose of this meeting is to open new page talk of relations with foreign banks and specifically with the US, where banks formed a Committee chaired by the representative of the Central Bank, will set up a delegation comprising Government and private banks to visit USA and solid relationships with correspondent banks and specifically.
The Association stressed that the Arab American Bank Conference to be held in New York on the 16th of the month of October next, Iraq will attend a large Bank delegation, pointing out at the same time having great faith got between Iraqi private banks Association and the US Treasury.
Minister of Economic Affairs of the American Embassy to see mimot, stressed during the meeting, he briefed on activities carried out by the Iraqi private banks Association as charity and human capacity development in the banking sector through training, specifically in file fight against money laundering and terrorist financing, "the banking sector is one of the main reasons for the development of the Iraqi economy and will work with him to develop, as will encourage the banks to open relations with us private banks Association, calling on private banks" need to find new ways to lend to Small projects to contribute to the development of the relationship between foreign banks and companies that will lead to the development of relations with foreign banks, "he said, adding that" the US Government cannot impose anything on private banks. "
In turn the representative Central Bank during the morning meeting, Mazen said "Iraq is committed to international standards, specifically in the areas of combating money laundering and risk management and insurance, international accounting, and there is a Central Bank of emphasis on the need for banks operating in Iraq with these standards, especially after issuing banks" rating, stating that "Iraq went through the current phase is to open relations with foreign banks and Arabic we have formed a Committee in this matter." Meanwhile, Arabic Bank Union representative, President of Rafidain, khawla al-Asadi, the "classification of the new Iraq is located in the area continue after leaving the gray area," adding that "Iraq progress very heavily in the fight against money laundering and financial reports Arabic refers to Iraq's access to advanced classification, so we will work to develop a relationship with correspondent banks.
He said the International Development Bank Chairman Ziad Khalaf, in an interview during his meeting, that "there are many Iraqi private banks in compliance with international standards and are ready to open accounts with foreign correspondent banks for its excellent staff, policies and procedures are subject to global standards, in addition to integrated services.
So asked the South Bank Chairman zaidi, is that the problem of opening bank accounts in Iraqi banks lie global banks or foreign banks and specifically American.? In Baghdad, the head of the Bank Commissioner is a private banks on behalf of banks, "dahi acquires banking in Iraq because of government policies that support at the expense of the banking sector.
The banking system in Iraq consists of (54) a Bank as well as the Central Bank and distributed by ownership (7) and banks (23) a commercial bank, including special (9) in addition to Islamic banks (15) branches of foreign banks. Iraq at a time of financial and economic crisis as a result of a decline in global oil prices and economy of unilateral dependence on oil exports to finance the balance annually without relying on non-oil resources, and the war against terrorism, which called on the Government to take a series of austerity measures.
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