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Bank to put the necessary measures to remedy the situation of some private banks.
5/19/2015
Central over dollar sales for banking companies
BAGHDAD / Obelisk: The Board of the Central Bank of Iraq administration met Tuesday and decided to increase the share of dollar sales for banking companies and foreign transfers and reducing the length of time for the implementation of foreign remittances.
The bank said in a statement received "obelisk", that "the Bank has developed measures to address the situation of some private banks and experiencing a shortage of liquidity in order to ensure processing conditions."
The bank agreed to release the sum of (1) trillion dinars for private banks to finance small and medium enterprises loans to citizens and approve their own controls.
Also acknowledged the instructions regulating the work of guaranteed bank loans companies.
He noted the central bank in its statement, to direct economic expert, Dr. Majid Mohammed Hassan Suri as a member of the Council of Administration of the Central Bank of Iraq representative of the private banks after obtaining the approvals to do so.
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5/19/2015
Central over dollar sales for banking companies
BAGHDAD / Obelisk: The Board of the Central Bank of Iraq administration met Tuesday and decided to increase the share of dollar sales for banking companies and foreign transfers and reducing the length of time for the implementation of foreign remittances.
The bank said in a statement received "obelisk", that "the Bank has developed measures to address the situation of some private banks and experiencing a shortage of liquidity in order to ensure processing conditions."
The bank agreed to release the sum of (1) trillion dinars for private banks to finance small and medium enterprises loans to citizens and approve their own controls.
Also acknowledged the instructions regulating the work of guaranteed bank loans companies.
He noted the central bank in its statement, to direct economic expert, Dr. Majid Mohammed Hassan Suri as a member of the Council of Administration of the Central Bank of Iraq representative of the private banks after obtaining the approvals to do so.
[You must be registered and logged in to see this link.]
