Commercial Bank of Iraq decide the introduction of electronic clearing
Tuesday, December 27 / 1 December 2011 16:11

{Baghdad} Euphrates News announced the Commercial Bank of Iraq, he decided to work clearing electronic system early next year.

The Director of the bank Hamdiya dry, in her talk with the Euphrates News Agency {} that "the commercial bank will begin the work of the electronic clearing system early next year."

She is dry, that "the bank had previously participated in the electronic clearing house Central Bank of Iraq will begin work on it with all government banks and the private sector to participate in the room for the purpose of facilitating the exchange of information among them."

And the electronic clearing system is banks can participate and branches from the exchange of payment orders among themselves in an automated fashion, and are net of treatment and send the final settlement to the Real Time Gross Settlement System, as well as through the system is the exchange of electronic instruments.

Will be later in the full deployment of the dialogue that took place between the Euphrates and the Agency {News} and Director of Commercial Bank of Iraq. Finished.