Related articles ~ Iraq's Finance Minister: Economy, Dinar, Chapter 7, Iraq was on the verge of great economic revival would make it a destination for global investments and .. May 2011 ~ Iraq to bring banks to the masses – by mobile ... and..CBI ~ Central Bank announces the "national key" to facilitate the payment system and instruments in Iraq ...
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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18/12/2011
Central reduces the risk of high dollar and is expected to increase growth rates 12 percent a year
Stressed the importance of the withdrawal of foreign forces in the doubling of demand for investment companies
BAGHDAD - Fulayyih Heidar al-Rubaie
An official source at the central bank to total GDP in the years 2014-2015 more than $ 300 billion, asserting that Iraq was on the verge of great economic revival would make it a destination for global investments in the coming years, while he expressed a number of stakeholders in the economic fears of recession entry of firms and investors after the withdrawal of foreign troops from Iraq, the source said foreign forces out a clear signal to turn Iraq from a country's wars to a field of large investments by the civil power of companies and businessmen who seek to enter the arena of investment Iraqi remarkably and significantly.The deputy governor of the Bank CBI appearance of Mohammed Saleh during his speech (morning): The process of withdrawal of U.S. troops and other foreign from Iraq is a sign of clear and explicit on the end of what was brought by the seventh item, a step which demonstrates the weakening of this item a manner that will turn Iraq into a force reconstruction, construction and investment is signs of turning pages of military and replace it with another civilian.He noted the benefit of that investment oil giant has worked to transform the country into a big workshop will lead later to revive all the economic aspects, particularly the increasing rates of development and high rates of GDP, and expected to rise in output during the years 2014 -2015 to up to $ 300 billion, a figure that will be exploited in the construction and reconstruction, wider than the rest of the areas, according to Saleh, who stressed the need to continue the country in attracting more oil companies and held rounds of other licenses and exploitation of all potential underground Iraqi best.
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The Deputy Governor of the Central Bank that the increase in polarization of giant oil companies will transform the country to the importer of the labor force and diminish unemployment rates after use fully, which will help increase the growth rate more than is reached by major industrialized countries such as China, emphasizing that those rates will jump thanks to the development plan of the country that have been developed for the years 2010-2014 to reach 9.4 percent, rising from the annual rate of 12 percent, a figure which he said was large compared to the rest of the achievements of the major countries that did not exceed the growth rates from 8-9 percent more.And on the high exchange rate of the dollar against the dinar in the local markets during the past few days ...Saleh said that these things do not go beyond that to be more than speculation practiced by many currency traders at times, confirming the presence of large capacity with the Central Bank to intervene to contain any of the vibrations that may be exposed to it the Iraqi dinar on the strength of large reserves with the CBE, amounting to more than $60 billion, noting that the financing of some of the trades of Foreign Affairs by Iraqi businessmen as a result of what is happening to some Arab countries and neighboring countries has led to increased demand for the dollar and thus rising prices against the dinar, as well as a conversion factor to fund some of the free trade deals for local projects, Saleh said in this regard: that the central bank is a major economic power capable of restoring the situation in the domestic market at any time he pleases.
The Central announced the initiation of a project key national who cares about the introduction of modern technologies in the banking system by facilitating the work of the payments and instruments in Iraq, and the benefit that this project is an electronic device inventor called "Qassim national" works to facilitate the withdrawal of money fast and brief for people who have credits in Iraqi banks of any bank they want within this device instead of going to the bank and let it be trusted, for the purpose of facilitating the payments system and the exchange of instruments between banks in Iraq, as well as the introduction of technology mobile to know the bank account and credit transfer by a Mobile collaboration with telecommunications companies in Iraq.
He added that a national Qassim managed by a company that specializes in this work for certain wages and are monitored by the Central Bank of Iraq to determine its performance and the extent of its capabilities and efficiency in the process of providing financial services to the citizen.
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December 5, 2011
Central Bank of Iraq - wishes to implement a national Retail Payment
The Central Bank of Iraq (CBI) wishes to implement a national Retail Payment Systems Infrastructure including a National EFTPOS / ATM Switch and an Iraq ... CBI .. PDF File @
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Monday 12/19/2011
