CBI project called ATM
18/12/2011 14:18
Baghdad, 18 December / December (Rn) - The Central Bank of Iraq that began implementing a project divided the national aims to provide ATM service to citizens across the devices installed in different areas.
The deputy governor of the Central Bank of the appearance of Mohammed Jawad, told the Kurdish news agency (Rn) that "the central bank has agreed to implement a project divided the national, which allows users in both government and private banks disposing of their money through credit card and dissemination devices exchange markets, train stations, airports and public places."
"The government and private banks expenses will be covered by 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 years divided the national project."
Jawad said that "the shareholders of any bank, government or private will be able to withdraw their money through the divided national or ATM this year and will contribute in enhancing the bank in the country."
The Council of Ministers in March / March, new mechanisms to facilitate the opening of documentary credits for 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, other than that owned by the branches of Arab and foreign banks operating in the country.
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