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The central bank announced the imposition of fines against banks amounted to 400 billion dinars
Thursday 12 November 2015
Alsumaria News / Baghdad
announced the central bank, on Thursday, for imposing fines against banks amounted to 400 billion dinars, noting that the majority of comments on monetary policy of the Bank are fallacies and spreading an atmosphere of pessimism and
frustration..
The bank said in a statement received Alsumaria News a copy of the "The majority of comments on monetary policy of the Bank are fallacies and spreading an atmosphere of pessimism and frustration either because of the absence of an accurate understanding or for the purposes of non-objective emanating from different motives, some linked to political reality and the bickering and recrimination and the spirit of incitement for the purpose of aborting the rest of the functioning institutions in the state."
The bank added that "the size of the inaccuracies and confusion was such that harms stability general stability of the market and the reputation of Iraq externally, and the consequent serious implications for Iraq financial, monetary and banking transactions and the expectations and reactions of dealers with investors, donors and others," stressing the need to "clarify what we have done business during the period Aladih."The Bank noted that" established during the years 2012- and 2015, many of the cases to the competent Iraqi courts on banks and companies contrary to the instructions selling foreign currency in force and those relating to anti-money laundering issues ", adding that" the number of such cases reached up to 97 suit belonging to banks and other financial institutions and dealers "and pointed Bank," it was the imposition of fines reached Akiemha up to 400 billion Iraqi dinars, including 40 banks, "noting," it was punishing 426 financial institution non-banking sanctions several, in addition to imposing trusteeship on four banks one of them to the filter end arrived while the rehabilitation of two other banks, in addition to the imposition of multiple fines reached Akiemha up to five billion Iraqi dinars in regards to other banking irregularities ". The bank had announced on Thursday (November 11, 2015) for issuing paper cash 50,000 category one thousand dinars, adding that the aim of the issuance comes for the purpose of completing the structure of the Iraqi currency notes and put a high value on the trading category.
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Thursday 12 November 2015
Alsumaria News / Baghdad
announced the central bank, on Thursday, for imposing fines against banks amounted to 400 billion dinars, noting that the majority of comments on monetary policy of the Bank are fallacies and spreading an atmosphere of pessimism and
frustration..
The bank said in a statement received Alsumaria News a copy of the "The majority of comments on monetary policy of the Bank are fallacies and spreading an atmosphere of pessimism and frustration either because of the absence of an accurate understanding or for the purposes of non-objective emanating from different motives, some linked to political reality and the bickering and recrimination and the spirit of incitement for the purpose of aborting the rest of the functioning institutions in the state."
The bank added that "the size of the inaccuracies and confusion was such that harms stability general stability of the market and the reputation of Iraq externally, and the consequent serious implications for Iraq financial, monetary and banking transactions and the expectations and reactions of dealers with investors, donors and others," stressing the need to "clarify what we have done business during the period Aladih."The Bank noted that" established during the years 2012- and 2015, many of the cases to the competent Iraqi courts on banks and companies contrary to the instructions selling foreign currency in force and those relating to anti-money laundering issues ", adding that" the number of such cases reached up to 97 suit belonging to banks and other financial institutions and dealers "and pointed Bank," it was the imposition of fines reached Akiemha up to 400 billion Iraqi dinars, including 40 banks, "noting," it was punishing 426 financial institution non-banking sanctions several, in addition to imposing trusteeship on four banks one of them to the filter end arrived while the rehabilitation of two other banks, in addition to the imposition of multiple fines reached Akiemha up to five billion Iraqi dinars in regards to other banking irregularities ". The bank had announced on Thursday (November 11, 2015) for issuing paper cash 50,000 category one thousand dinars, adding that the aim of the issuance comes for the purpose of completing the structure of the Iraqi currency notes and put a high value on the trading category.
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