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Central Bank denies decode private banks association warns of intervention work
2015/08/11
Tomorrow Press / Baghdad: denied Central Bank of Iraq, Tuesday, decoding its own banks association, warning of intervention work. A source from inside the bank preferred not to be named for "tomorrow Press," that "the Central Bank's mission, according to law No. 56 of 2004 It is to monitor the work of private banks and regulate monetary policy and financial of the country, "pointing out that" talk about the disengagement of those banks, the Bank is an incorrect and illegal. " He added that "the central bank works to private banks support through the amendment of the Banking Act No. 94 as well as issue instructions and mechanisms that enable private banks to operate freely and give the benefit of the audience of citizens and this Mayhem Bank. " The source pointed out that "there are private banks are striving to achieve economic growth through projects and their platforms and the central bank supported and appreciates their efforts, in order to achieve a real banking environment involved and supports the Iraqi economy in all its aspects. " He stressed that "what was raised about decoding confusion of private banks is not correct and illegal because it would violate the Iraqi Central Bank Law, as well as that of those banks is a real partner with the Central Bank to support the country's economy." He warned source of "the consequences of interfering with the central bank because it is the party that protects the financial and monetary system in the country," pointing out that "the consequences of the intervention work loses the nation's financial system protection." The number of deputies demanded the establishment of private banks and independent body and decrypt a link to banks by the Central Bank to ease the pressure on the central bank and make its work is limited to monetary policy in the country.
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2015/08/11
Tomorrow Press / Baghdad: denied Central Bank of Iraq, Tuesday, decoding its own banks association, warning of intervention work. A source from inside the bank preferred not to be named for "tomorrow Press," that "the Central Bank's mission, according to law No. 56 of 2004 It is to monitor the work of private banks and regulate monetary policy and financial of the country, "pointing out that" talk about the disengagement of those banks, the Bank is an incorrect and illegal. " He added that "the central bank works to private banks support through the amendment of the Banking Act No. 94 as well as issue instructions and mechanisms that enable private banks to operate freely and give the benefit of the audience of citizens and this Mayhem Bank. " The source pointed out that "there are private banks are striving to achieve economic growth through projects and their platforms and the central bank supported and appreciates their efforts, in order to achieve a real banking environment involved and supports the Iraqi economy in all its aspects. " He stressed that "what was raised about decoding confusion of private banks is not correct and illegal because it would violate the Iraqi Central Bank Law, as well as that of those banks is a real partner with the Central Bank to support the country's economy." He warned source of "the consequences of interfering with the central bank because it is the party that protects the financial and monetary system in the country," pointing out that "the consequences of the intervention work loses the nation's financial system protection." The number of deputies demanded the establishment of private banks and independent body and decrypt a link to banks by the Central Bank to ease the pressure on the central bank and make its work is limited to monetary policy in the country.
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