Does Kurdistan have Banks?

[dyaoko]

I wanna know Does Kurdistan have Banks? how many ? are the professional and secure ?
are they for public or just for bussinessmen ? do they offer internet banking ?

[tomjez]

Well there is no ATM. I heard there is a bank in Duhok where you can get money with an international withdrawal card....I bet it something to be developped, but maybe it will be an Iraqi and not kurdish domain of competence?

[dyaoko]

I heared there are some Forgen Banks, but not Sure if what I heared was true.

but how it is possible that a large city like slemani doenst have bank ?
what ppl put their money in ? (under their pillow ? he he )

[Vladimir]

You can find news in Peyamner, that an international bank has opened in South-Kurdistan... also one in Ankawa.. (English section)

Bank opened in Ankawa

The Globe-- People in the town of Ankawa (15 km north of Irbil) will no longer be obliged to go to Irbil for receiving monthly payments or any other bank businesses. At 10: 45 am of Wednesday Ankawa branch of rafidain bank was opened by officials from Kurdistan central bank and the KRG ministry of finance. The ceremony of opening the bank included speeches delivered by the attendant officials.

[Kurdish Freedom Fighters]

[bamerni]

KURDISTAN INTERNATIONAL BANK FOR INVESTMENT AND DEVELOPMENThttp://www.kurdistanib.com/
South Korean bank inaugurated in Irbil
09/11/2004 Peyamner
IRBIL, Kurdistan (Peyamner)— Amidst escalating of violence and the declared Martial Law throughout Iraq, except for the Kurdish region in the north, the Korean Bank opened its first subdivision in Iraqi Kurdistan on Monday.

Officials here said that the opening of a foreign bank in the Kurdish capital is “yet another step” towards stimulating the economy in the region as well as in Iraq. There were no details as to how the bank would operate or what its function would be.

“The Kurdish region by virtue of its stability and peacefulness could become an invigorating gateway for exciting the economy in the whole of Iraq,” Serkis Agacan, the Kurdish deputy Prime Minister said in the inauguration ceremony who was also attended by high South Korean military commanders.

The decision of the inauguration followed the four-day visit of the South Korean Defence Minister Yoon Kwang-ung to Iraq last week in which he held meetings with both Kurdish as well as Iraqi top officials.

South Korea has 2,800 soldiers in the Kurdish-controlled autonomous town of Irbil, making it the third-largest contributor to the U.S.-led coalition after the U.S. and Britain.

Speaking to the reporters, back in Seoul, Mr Kwang-ung ruled out the possibility of South Korean troops being involved in combat or public security missions in Iraqi Kurdistan, in his words, “considering the safe security conditions of the Kurdish-autonomous region.”

"About 40,000 regional police and civilian militias have been maintaining full security," said the Minister, who recently visited the South Korean military camp. The Iraqi Prime Minister Iyad Allawi and the Kurdish officials in Irbil on Friday called for an extension of South Korean troop deployment in Iraqi Kurdistan. The South Korean contingent, dubbed the Zaytun ("olive" ) Unit, is only authorized to stay in Iraqi Kurdistan until the end of this year.

Peyamner.com

[cheryl]

Kurdish Freedom Fighters, nice picture of the Central Bank in Hewlêr.

There are banks in Kurdistan. I saw one particular bank in several cities, but I don't remember the name.

As far as I know, the KRG is trying to encourage the use of banks by issuing pay in the form of checks. However, many people do not trust banks because the political situation has been so unstable for so long.

However, the KRG is trying to get banking going as an industry.

[kardox]

hi there well, i know many people that say its "haram" to put ur money in the bank, lol. they will rather hide it under their beds and guard it with an AK-47
Hopefully when the political situation is calm and a "Mufti" makes an fatwa and tell people that it is okay to put their money in the banks many more people will use them

[bamerni]

i still don't trust these banks because i dont think that they have enough security stuff....