PDA

View Full Version : Central Bank decides to deprive the 14 banks from entering the window to sale and pur



BatmaninIraq
06-09-2015, 11:39 PM
Central Bank decides to deprive the 14 banks from entering the window to sale and purchase of foreign currency Decided to CBI,

deprived 14 banks from entering the window to sale and purchase of foreign currency, as he emphasized that deprive those banks will continue until the repayments discharged. A source at the bank, said that “the Central Bank has decided to deprive the 14 banks from entering the window of sale and purchase of foreign currency and stop the strengthening of their assets abroad,” attributing the reason for this is “not they pay all amounts discharged for deductions of tax and customs secretariats and transferred to the

General Authority for taxes and body General of Customs “. The source added that “banks that are included deprivation Iraqi investment, Islamic country, by Lebanese French, Byblos, international development, the Arabian Gulf, the Middle East, Beirut and the Arab country, Ceyhan, the Bank of France, the Iraqi trade, Sumer Commercial, Huda.” The source noted that “the deprivation will continue until the payment of the amounts discharged and provide us with what supports it.” And it established an independent Iraqi Central Bank as a

bank under the law issued on the sixth of March 2004, as an independent body, is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies being sessions daily for buying and selling currencies. It is noted that although private banks spread in Iraq, which amounted to more than 30 banks, but the banks did not play a pivotal role in the economic development process in Iraq because of the smallness of these banks in addition to the departure of government institutions to deal with it because of foot-dragging some private banks in their work.

Iraqi Dinar News http://iraqdinar.us (http://iraqdinar.us/)