Because of the referendum .. The Central Bank stops opening branches in the region

Because of the referendum .. The Central Bank stops opening branches in the region



Baghdad - Journal News

Financial committee committee chairman Ahmad Haji Rashid announced on Sunday that the central bank has decided to stop opening branches in Arbil and Sulaymaniyah due to the referendum scheduled for September 25

"The central bank ended last month the opening of two branches in Erbil and Sulaymaniyah," Rashid said in a statement to the Journal News. "The bank suspended these procedures because of the date of holding a referendum in Kurdistan and its fears of aggravating the problems between Baghdad and Erbil."

He added that "citizens in Kurdistan could have benefited from the branches of the Central Bank of Arbil and Sulaymaniyah without the decision to hold the referendum."

The Central Bank has announced the middle of this year opened two branches in Sulaymaniyah and Arbil.

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Parliamentary financial decision: the Central Bank hesitates to open two branches in Kurdistan


Sunday 20 August


decision of the Finance Committee parliamentary Ahmad Haji, on Sunday, that the Central Bank of Iraq to follow the procedures of opening branches of the bank in the Kurdistan region .

Haji said in an interview with Alsumaria News that "the central bank is in the process of opening the branches of the bank in the Kurdistan region," noting that "the delay comes as a result of the seizure of the region for previous funds of the bank, in addition to the referendum to be held on the twenty-fifth of next month."
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Haji added that "there are funds previously to the bank (tbi) were present in the former branches of the Central Bank of Arbil and Sulaymaniyah, in addition to funds in the rest of the branches, amounting to approximately 42 branches in the Kurdistan region of banks, which the provincial government used the money in cash or Way of clearing for the disbursement of contractors' instruments that have no balance ".

The Central Bank has announced on August 8 the acquisition of the Kurdistan Regional Government deposits in the branches of the Central Bank affiliated to the Ministry of Finance of the region, which is estimated at 5 trillion dinars, which returns about 50% to the Iraqi Trade Bank , and the other half to more than 80 branches of the subsidiary For private banks, including branches of foreign banks operating in Iraq.


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Iraqi Central Bank denies ordering to stop its branches in Kurdistan because of the "referendum"



The Central Bank of Iraq denied the suspension of its branches in the Kurdistan region because of the insistence of the Kurds to hold a referendum on secession from the Iraqi state.

The director of "financial accounting" in the central bank, "Ihsan al-Yasiri," in a statement to the «Journal News» that «a clear to the media reported on the decision to stop or close the branch of the Central Bank in Erbil or Sulaymaniyah and they continue to work.

As a member of the Committee, "financial parliamentary" Abdelkader Mouloud that "the branches of the Central Bank continues its work in the region."

"The Finance Committee had a meeting in the previous days with the Governor of the Central Bank Ali Alaq and stressed that the bank's branches continue to work and there is no obstacles in the region."

The head of the Finance Committee, Ahmed Haji Rashid, said Sunday that the central bank has decided to stop opening branches in Erbil and Sulaymaniyah due to the referendum scheduled for September 25.

"The central bank ended last month the opening of two branches in Erbil and Sulaymaniyah," Rashid said in a statement read by the Journal News. "The bank stopped these procedures because of the date of holding a referendum in Kurdistan and its fears of exacerbating the problems between Baghdad and Erbil."

"The citizens in Kurdistan could have benefited from the branches of the Central Bank of Arbil and Sulaymaniyah, without the decision to hold the referendum."

The Central Bank has announced the middle of this year opened two branches in Sulaymaniyah and Arbil.

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