Iraq: The importance of counting centers in banks

Posted by on Oct 27, 2013 | Leave a Comment

Saif Jawad stressed the competent financial affairs on the necessity of activating prompt the central bank to establish a center for banks currency counting and sorting by using modern mechanization.

Jawad said that “trading blocs cash in banks requires advanced technologies, in light of doubling the amounts that are traded in local banks that require considerable time and effort by the fund trustees.”

He added that “the counting and sorting centers demanded by the central bank earlier contribute to reducing the phenomenon of fake and shortages damaged that appear in the banks continuously deposits with the Central Bank of Iraq.”

The central bank called for the establishment of these centers during the month of March last year under the guidance issued by the Directorate-General for issuing and cupboards in the bank.

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