19-07-2012 Finance Committee discussed the possibility of linking with the Central Bank to banks unified communications network
Member of the Finance Committee, the National Alliance Deputy Secretary Hadi, his Committee would discuss the possibility of connecting with the Central Bank of Iraq banks unified communications network to facilitate banking in the country.
"Hadi (News Agency news) on Thursday that the Finance Committee will hold a workshop for governmental and private Iraqi banks for restructuring, in the presence of officials from the Central Bank and representatives from Iraqi banks to raise problems and obstacles impeding the work of banking system.
He noted: the most important topics raised in the workshop, discuss how to connect banks with unified communications network within a "splitter" and agree on a mechanism to consolidate its work to facilitate banking transactions.
Said: that the system of "chunked" is one of the modern systems and requires sufficient time to apply because the country still politically and economically unstable and banks to now experiencing financial and administrative corruption, while this system needs to be integrated to implement infrastructure and stability in the country.
The Central Bank announced the negotiations with the Association of banks to start founding a new electronic system called (PBX) or phone banks to link all governmental and private Iraqi banks with unified communications network administered by a global company that specializes in facilitating banking operations.
The banking system in Iraq consists of forty-three banks as well as the Central Bank and distributed by ownership between banks (7) and (30) Bank of my family including Islamic banks (7) in addition to (6) foreign banks.
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