Home
The central bank is due to auction 14 banks currency and put it under surveillance
6/11/2015
CDs of the Iraqi currency in a bank
A source at the Central Bank of Iraq, on Wednesday, that the bank has decided to return the 14 banks to auction the currency after it was excluded earlier, and among the banks will be under the bank's control for a period of ten days, most likely excluded unless they are arranged tax status and Alkmarki.
The source said, in an interview with the (long-Presse), that "the central bank decided to return the 14 banks which had previously been excluded from entering the auction currency."
The source, who asked not to be named, said: "Association of private banks headed an official letter to the Central Bank explained that the possible damage caused as a result of the resolution."
The source explained, "The banks have the right to engage in currency auction starting from tomorrow, Thursday," following up "The Bank will put these banks under surveillance for a period of ten days of the order placed for the transactions tax and customs, and in the case could not therefore be excluded once and for all."
The Central Bank of Iraq, said in (the 18th of January 2015), that the financial reserves of Iraq equivalent and a half times the weakness of the currency bloc, returned as "best rates" in the countries of the world, and as he emphasized that Iraqi financial institutions are "unable" to cover the fiscal deficit, he stressed the need to reconsider the structure of the budget and spending and diversification of income sources and achieve investment more broadly to address the decline in oil prices.
[You must be registered and logged in to see this link.]
6/11/2015
CDs of the Iraqi currency in a bank
A source at the Central Bank of Iraq, on Wednesday, that the bank has decided to return the 14 banks to auction the currency after it was excluded earlier, and among the banks will be under the bank's control for a period of ten days, most likely excluded unless they are arranged tax status and Alkmarki.
The source said, in an interview with the (long-Presse), that "the central bank decided to return the 14 banks which had previously been excluded from entering the auction currency."
The source, who asked not to be named, said: "Association of private banks headed an official letter to the Central Bank explained that the possible damage caused as a result of the resolution."
The source explained, "The banks have the right to engage in currency auction starting from tomorrow, Thursday," following up "The Bank will put these banks under surveillance for a period of ten days of the order placed for the transactions tax and customs, and in the case could not therefore be excluded once and for all."
The Central Bank of Iraq, said in (the 18th of January 2015), that the financial reserves of Iraq equivalent and a half times the weakness of the currency bloc, returned as "best rates" in the countries of the world, and as he emphasized that Iraqi financial institutions are "unable" to cover the fiscal deficit, he stressed the need to reconsider the structure of the budget and spending and diversification of income sources and achieve investment more broadly to address the decline in oil prices.
[You must be registered and logged in to see this link.]
