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The Iraqi Deposit Guarantee Company launched to protect Iraqi Citizens

The Iraqi Deposit Guarantee Company launched to protect Iraqi Citizens

The establishment of the Iraqi Deposit Guarantee Company to guarantee deposits announced in Baghdad last week. The Iraqi Deposit Guarantee Company launched after years of the collapse of some private banks and stand in the way of the development of the banking sector. It has a number of dealers with 22% of adults after the project to localize the salaries of state employees. There were several banks collapsed in Iraq in the years that followed the year 2003, including Al-Warka,…

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The Development in the Banking System to Provide Economic Development

The Development in the Banking System to Provide Economic Development

Iraqi Dinar 123 News:– The Iraqi banking sector is facing critical situation in Iraq that are discouraging the progress, in spite the Iraqi Central Bank has made plans to support the advancement and reactivation of the banking functions. It is also important that adopting new and latest mechanisms for the advancement of the Iraqi banking system would play an important role to support the economy of the country. A number of recommendations by the stakeholders have been received in order…

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Islamic Banking Act Will Restore The Banking System in The Country: Saleh

Islamic Banking Act Will Restore The Banking System in The Country: Saleh

Iraqi Dinar 123 News:–  On Sunday, the Iraqi Prime Minister’s Economic Advisor Muhammad Saleh issued a statement that guidelines of Islamic Banking Act would add a new life in Iraqi banking operations. He also pointed out that all these Islamic banks still operating without specific legal regulations over the past several years. Saleh further added in his press statement that Islamic banking is based on genuineness for Halaal and Hraam. It also disallows exploitation and it scrutinizes the right profit…

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Banking System Needs Improvement

Banking System Needs Improvement

Iraqi Dinar 123 News :- Economists have said that the banking sector of Iraq needs development according to the latest techniques followed all over the world. The first thing to do is that the central bank of Iraq needs to raise its capital to 250 billion dinars for each bank. The people who are investing in the banks know how important this is for the better economic development of the country. The private banking sector needs to manage the different…

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Joint Economic Cooperation With International Banks

Joint Economic Cooperation With International Banks

Iraqi Dinar 123 News:– The governor of Basra is thinking about working with any international bank to over economic issues. The reliance of the different banks form other countries is welcome in the province of Basra for a better management. With the international projects being set up things would work out in a much better way on the economic scale. The governor of Basra is taking special measures to get over the problems being faced in the region. He is…

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