Home
The Iraqi Government lifted the ceiling on banking for citizens
4/24/15
HSBC plans to leave Britain, the Iraqi Government approved on Thursday a law allows llmwattin to withdraw money from bank accounts to 100 million dinars ($ 84388 (, years after the adoption of the system of restrictions on withdrawals from banks at 25 million dinars (21,000 dollars (.
The move, according to observers, the Government attempts to control the phenomenon of adopting the dollar as the Iraqi market during intraday high, as business and buying and selling real estate, due to the scarcity of local currency. The Iraqi Government said in a statement to "the new Arab" copy, "the General Secretariat of the Council of Ministers charged with raising the certified instruments issued by private banks of (25 (million to 100 million maximum for procedural transactions day by citizens with government departments". "The decisions on the development of the private banking sector is important, and the Ministry of finance by requiring government departments to accept the certified instruments issued by private banks, and coordination between finance and the Central Bank and the Association of private banks to establish clear and specific mechanisms for staff salaries and retirees in private banks and guaranteeing the rights of depositors, as well as the Iraqi Central Bank and State banks to lend to private banks for the financing of small and medium-sized enterprises". He continued; "The Committee decided that the Trade Bank of Iraq by opening lines of credit to the private banks, supervised by the Central Bank of Iraq, and emphasized the role of the financial Court, as stipulated in the Act on banks accounts of the Central Bank of Iraq Act and not to resort to the courts."
It was also decided to examine "the potential benefit from the reserve banks and approving recommendations for controls letters of guarantee and finance and the Central Bank on the opening credits to the banks
Even $ 10 million without passing through exchange of trade. " The Council, according to the same statement, the Commission directed the Rafidain and Rasheed Bank to deposit part of their money in private banks, versus soft benefits and eligibility basnshar banks such funds in investment projects, and the Central Bank of Iraq to guarantee deposits in a timely manner. " Banks were also urged "special civil partnerships with international banks to create investment opportunities and labour", in addition to "educate citizens
To deposit their money in banks. "
Read also:
Corruption costing $ 360 billion by Iraq and years
[You must be registered and logged in to see this link.]
4/24/15
HSBC plans to leave Britain, the Iraqi Government approved on Thursday a law allows llmwattin to withdraw money from bank accounts to 100 million dinars ($ 84388 (, years after the adoption of the system of restrictions on withdrawals from banks at 25 million dinars (21,000 dollars (.
The move, according to observers, the Government attempts to control the phenomenon of adopting the dollar as the Iraqi market during intraday high, as business and buying and selling real estate, due to the scarcity of local currency. The Iraqi Government said in a statement to "the new Arab" copy, "the General Secretariat of the Council of Ministers charged with raising the certified instruments issued by private banks of (25 (million to 100 million maximum for procedural transactions day by citizens with government departments". "The decisions on the development of the private banking sector is important, and the Ministry of finance by requiring government departments to accept the certified instruments issued by private banks, and coordination between finance and the Central Bank and the Association of private banks to establish clear and specific mechanisms for staff salaries and retirees in private banks and guaranteeing the rights of depositors, as well as the Iraqi Central Bank and State banks to lend to private banks for the financing of small and medium-sized enterprises". He continued; "The Committee decided that the Trade Bank of Iraq by opening lines of credit to the private banks, supervised by the Central Bank of Iraq, and emphasized the role of the financial Court, as stipulated in the Act on banks accounts of the Central Bank of Iraq Act and not to resort to the courts."
It was also decided to examine "the potential benefit from the reserve banks and approving recommendations for controls letters of guarantee and finance and the Central Bank on the opening credits to the banks
Even $ 10 million without passing through exchange of trade. " The Council, according to the same statement, the Commission directed the Rafidain and Rasheed Bank to deposit part of their money in private banks, versus soft benefits and eligibility basnshar banks such funds in investment projects, and the Central Bank of Iraq to guarantee deposits in a timely manner. " Banks were also urged "special civil partnerships with international banks to create investment opportunities and labour", in addition to "educate citizens
To deposit their money in banks. "
Read also:
Corruption costing $ 360 billion by Iraq and years
[You must be registered and logged in to see this link.]
