Iraq ~ More private banks for government transactions
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Iraq ~ More private banks for government transactions
28 September 2011
https://articlesofinterest-kelley.blo...overnment.html
More private banks for government transactions
Baghdad - The Iraqi government will use more private banks for finacial transactions, according to a decision made by the Finance Ministry.
A committee will choose private banks with large enough funds and modern banking methods.
Currently, 85% of financial transactions made by the government are made through the governments own banks.
The total capital of Iraqi private banks is $1.6 billion USD (1.9 trillion IQD), in addition to an unknown sum owned by foreign banks.
https://www.zawya.com/story.cfm/sidZA...ctions_in_Iraq
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