Jordan Bank links Iraq through an electronic system with four Arab countries

Baghdad-INA
The Bank of Jordan announced on Tuesday, the opening of its branch in Iraq, confirming that Iraq is linked to an electronic system with four Arab countries, while indicating that the Central Bank is making great efforts to develop the banking sector in Iraq.
 
 “Iraq includes a strategic investment market that has all the elements of a successful investment, so we are keen to be present in this market that leads to joint investments between Iraq and Jordan,” The General Manager of the Bank of Jordan Group, Saleh Hammad, told the Iraqi News Agency (INA).
 
"Joint investments need financial products and services that meet all the requirements of various segments of businessmen, investors, and companies therefore, the value that any external institution will add to Iraq is the new technology that it can introduce on the basis of providing financial services,” He explained.
 
He stated, “The Bank of Jordan is present in many Arab countries, including Iraq, Palestine, Bahrain, and Syria, and now we are in the process of opening a branch in the Kingdom of Saudi Arabia. Therefore, we see that there is integration and trade exchange between these countries in an electronic system, where the customer or investor can view... This system and the exchange of his money very easily,” stressing that “there are continuous efforts to improve the system existing at the Bank of Jordan.”
 
He pointed out that "there is joint cooperation with the Iraqi banking sector and the Governor of the Central Bank, and previous conferences were held between the Jordanian banking sector and the Iraqi banking sector, in order to improve the infrastructure and electronic services in Iraq."