23/06/2012 12:02
Baghdad, June 23 (Rn) - The Central Bank of Iraq Saturday, starting from the establishment of the National Distributor in Iraq, which will enable the person's credit card holder from withdraw money from any bank in the whole country without having to rely on the branches of the bank, which was deposited in it.
And exceeds the number of banks in Iraq, the 50 banks and includes more than 800 branches spread across the provinces, which still is a little number compared with the population.
The deputy governor of Bank of the appearance of Mohammed, told the Kurdish news agency (Rn) "We are now in the process of establishing the assistance of the National Distributor of the American Agency for Development and which will enable credit card holders withdraw money from any branch of the bank branches across the country."
He also explained that "the new system is a partnership between all the banks, which is part of creating the infrastructure for the payments system of Iraq."
Iraq has suffered from a decline in per capita share of banking services to an average of up to one bank per 40 thousand people, is a big difference from what exists in neighboring countries.
The main task of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies and the management of foreign currency reserves and the organization of the banking sector.