Indian Journal of Public Health Research & Development
Year : 2019, Volume : 10, Issue : 4
First page : ( 525) Last page : ( 528)
Print ISSN : 0976-0245. Online ISSN : 0976-5506.
Article DOI : 10.5958/0976-5506.2019.00750.2

The Main Challenges Facing the Iraq Banks

Hashem Shaymaa Dhafer*

Institute of Genetic Engineering and Biotechnology for Post Graduate Studies, University of Baghdad, Ministry of Higher Education and Scientific Research, Iraq

*Corresponding author: Shaymaa Dhafer Hashem email: physics1984@yahoo.com

Online published on 6 April, 2019.

Abstract

The banking system is generally the main sector financed by different economic and social processes, within the framework of the objectives and policies of the development plans and the various sectors of the economy. The management of this system revolves around a number of laws, decrees and instructions, comes in the forefront of the Central Bank act and the instructions and follow up of developments in the banking system and the requirements of modernization, development and continuity through the various circles and organs, where he draws the central bank. Monetary policy, which plays an important role as part of overall economic policy. The global banking sector has witnessed many developments over the last ten years. These developments are likely to increase in the coming years in light of globalization and the implementation of the Financial Services Liberalization Agreement. These developments will undoubtedly have a significant impact on the future of Arab banks. Of the challenges ahead. Faced with these challenges and despite the success and profits of the banking system in the past years, the Secretariat requires that we clarify the fact that the global environment in which Iraqi banks are operating has changed completely and in a way that has not been taken into account. This development will not stop but it is a continuous process under which the fierceness of competition and constantly diversifying their instruments, and increasing the movements of capital in search of profit and safety. The importance of this research comes from the economic and political data in Iraq that has imposed itself on adopting a series of transformative steps towards the adoption of market economy mechanisms and economic stability to lay the foundation for sustainable development in which the private sector plays a major role, To rebuild the economy and provide full freedom to move to and from Iraq.

Top

Keywords

Iraq Banks, Challenges, Financial inclusion, Differentiated banking, Banking technology.

Top