During the annual banking conference held by the Association of Iraqi banks recently revealed Governor of the Central Bank (that 77 percent of the Iraqi currency chunky in the homes, and this information indicates a significant failure in the level of banking awareness for various sectors, especially the banking sector.
There is no doubt that the progress of a picture is not encouraging reach the limit of frustration in the hope that we envisaged in the post (2003) in terms of economic openness and the growing banking and increase financial revenues for the period more than a decade after the (2003) The issue can not be reduced retardation as if things happen randomly, Valedjar despite its importance in any boom phase or decline reflects the stability and dynamic and us in the banking heritage or savings successful experiences, especially in the bank (mortgage) any mortgage gold Almkhclat as collateral for the advance will be beneficial to establish an alternative to the hoarding sterile, or a project to address the situation of a certain loss in activity economic, as well as our well known until the seventies of the last century institution mail and deposit boxes where simple interest that was offered, what prevents such traditions alive so savings?
There is no doubt it's multiple factors despite the presence of the corresponding encouraging factors such as the spread wings of private banks (conventional and Islamic) and especially the last supposed to be in harmony with the current environment of what happened in the political scene, but we do not find a convincing answer, especially from private banks.
To search for the causes of three-quarters of the money supply remain in their homes despite the security situation, which threatens compactness necessary to address the problem of banking awareness and methods to encourage saving, only the trader that banks do not invest their money, even in a limited way in the investment because of the laws or legal material package prevent this, The other reason is that the foundation of these banks often work in the currency market at least risk, and the manner with respect to the credit card as a fan, it is limited.
In order to tempt compactness to banks tanks must be done through the steps in order of priority in the light of the plans that the central bank is to be established by the State-owned banks are still banking operation axis whether Prusidha or confidence suggested by, the private banks and the degree of their appeal is not resolved by credit card but through non-traditional means Because of the current situation through partnerships or guarantees by government banks, then we must move towards investment in the establishment of industrial, agricultural or contribute to the purchase or development of Off-governmental projects, projects and this is what enhances the confidence of civil banks and make it wanting from their clients buy shares in Companies that invest in all transparency and clarity, and perhaps the most cost-effective investments for the mixed sector is still where its cadres and its mechanisms and its market is ready and lacks liquidity and customs protection.
The hope of the civil government and our banks helping to revive our industry that have been stalled for activating Edjaradtha Aktrmen other after adapt their laws and create Mlakatha and modernization of its organs to stimulate savings.