* Clearing and electronic banking performance
Goes most of the economists that the performance of the banking sector fell not up to the level of the requirements of economic development.
confirms this vision the reluctance of foreign companies known for investment for several reasons, most notably the inefficiency of the banking sector to meet the needs of those companies.
Regimes window is the most important impediments to the private banking sector of access to large investments, as well as instructions issued by the Ministry of Finance to prevent the ministries dealing with private banks and this is what makes matters worse.
Not long ago told me of the Executive Director of the Association of Iraqi private banks – the Commonwealth of significant known in the policy bank, and defending the rights of private banks – for The private banks completed the preparation phase of the project clearing electronic as a means of raising the performance of banks towards the provision of banking products and advanced rapidly serve the interests of the national economy and the 25 banks now ready to use the electronic clearing between banks and their branches and between the banks themselves.
and so was able to private banks from re-instruments in financial transactions daily to the interface makes it easier to work on clients of the banks of the citizens and the state departments, and the instruments of modern believes in a way that can not penetrate or forgery.
When the question for government banks it off the other to complete the usefulness of this technology in the country and has been in effect for many years in the developed world? The answer was that he did not make the government banks, even if a step toward access this important experience.
This means that there are definitely or an obstacle to dealing with this technology in the government banks and private banks also means delayed catch-up and global development in the use of new technologies aimed at raising the performance or the efficiency of banks.
so expected the government banks in the year 2012 starting with this technology and completion of the training cadre in its branches across Iraq in order to activate the performance of the whole banking sector towards the promotion of development programs and investment of time and reduce the costs and burdens and the freeing of the citizen from the problems of counterfeit currency. And speed of completion of financial transactions in various trade and investment activities and evening carrying blocks of cash vulnerable to theft and other problematic.
Most importantly, the international companies that want to invest in Iraq need to means and modern techniques do not delay its work and the cost of completion of projects anticipated, will see in 2012 by the Rafidain and Rasheed using the electronic clearing? We will follow up and see.
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