25/01/2012World Bank calls for the involvement of private banks in the Implementation of government projects
Baghdad, The World Bank, private banks, able to carry out banking transactions with government institutions, stressing that the size of the capital funds of banks to Aadhar international banking transactions.
He said Iraq expert at the World Bank Majid picture, told the Kurdish news agency (Rn) that "the Iraqi private banks are able to participate in the implementation of transactions with government agencies with the official government banks."
He added that "the problem faced by the private banks is that the problem of Posts and bank deposits and the size and the ability of customers to pay the bankers' deposits and how the coordination of private banks with international banks."
He continued that "the size of a large and small funds in private banks is normal it is located in all countries of the world, but that the banks would govern the development of their dealings in the development and codification of banking."
The Iraqi government is still limited in its financial transactions on the banks approved by the government by 85%.
The total capital of Iraqi private banks billion and $ 600 million currently, other than that owned by the branches of Arab and foreign banks operating in the country.
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