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Central approves the appointment of a representative of the private banks in the board of directors
BAGHDAD / Baghdadi News / .. the Iraqi Central Bank, announced on Sunday, agreed to appoint a special representative on the board of directors of banks, while the government has recommended acceptance of the state's institutions of instruments issued by private banks.
According to a statement of the bank received / Baghdadi News /, a copy of which he was "in line with our responsibilities in supporting the development and stimulate the Iraqi economy has been taking a number of decisions, including, approved the appointment of the special representative of the Council of the Central Bank of banks."
He added, "It has been approved to cover the bank accounts abroad to the US dollar to cover imports of customers and for other purposes without the need for passage of a window sell the currency at the central bank Bank and assume control over these operations within the mechanism of a simplified and transparent with the development of the creation of capacities and capabilities plan to activate documentary credits instead of The current style and coordination with the banks, "he said, adding that he" agreed to speed up the enactment of the Deposit Insurance Act. "
The statement continued, "It has been recommended to the government to accept the state's institutions of instruments issued by private banks, and also the receipt of taxes and fees in favor of the government," stressing that "the formation of a committee to reconsider the structure of benefits, including expanding the credit and liquidity" .anthy 21 / j provide
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BAGHDAD / Baghdadi News / .. the Iraqi Central Bank, announced on Sunday, agreed to appoint a special representative on the board of directors of banks, while the government has recommended acceptance of the state's institutions of instruments issued by private banks.
According to a statement of the bank received / Baghdadi News /, a copy of which he was "in line with our responsibilities in supporting the development and stimulate the Iraqi economy has been taking a number of decisions, including, approved the appointment of the special representative of the Council of the Central Bank of banks."
He added, "It has been approved to cover the bank accounts abroad to the US dollar to cover imports of customers and for other purposes without the need for passage of a window sell the currency at the central bank Bank and assume control over these operations within the mechanism of a simplified and transparent with the development of the creation of capacities and capabilities plan to activate documentary credits instead of The current style and coordination with the banks, "he said, adding that he" agreed to speed up the enactment of the Deposit Insurance Act. "
The statement continued, "It has been recommended to the government to accept the state's institutions of instruments issued by private banks, and also the receipt of taxes and fees in favor of the government," stressing that "the formation of a committee to reconsider the structure of benefits, including expanding the credit and liquidity" .anthy 21 / j provide
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