Iraq's CBI ~ Central Bank launches ATM Project

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Monday 12/19/2011

Central Bank launches ATM project

Announced the Central Bank of Iraq that began implementing a project divided the national, which aims to provide ATM service to citizens through the installation devices in different regions.

The deputy governor of the Central Bank of the appearance of Mohammed Jawad, according to (Rn) that "the central bank agreed to implement divided the national project, which allows users in both government and private banks disposing of their money through credit card and dissemination of devices in the exchange markets, train stations, airports and public places."

Saleh added that "the government and private banks will be covered expenses the company implementing the project and the process of buying the equipment and its installation," pointing out that "the central bank will oversee the supervision anniversary of the project divided the national."

The Council of Ministers in March / March, new mechanisms to facilitate the opening of documentary credits of less than $4 million through the revitalization of the role of private banks, which aims to stimulate trade in the country.

The Iraqi government is still limited in its financial transactions on the government banks relied upon by 85%.

The total capital of Iraqi private banks billion and $ 600 million currently, except What branches owned by Arab and foreign banks operating in the country.

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