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The Central Bank announces the imposition of a fine of more than 100 billion on exchange companies
economy, 10/29/2023 20:27 Number of readings : 225
Baghdad - Iraq today:
The Central Bank of Iraq announced on Sunday that fines imposed on banks and non-banking institutions (exchange companies) amounted to more than 104 billion Iraqi dinars during the past nine months.
A table of the bank showed that the fines imposed on banks and financial companies during the past nine months, starting from January and until September, amounted to 104 billion and 769 million and 332 thousand and 606 dinars, indicating that
“the fines also included 348 administrative penalties for these banks and non-banking institutions, distributed among Between warning, warning, and grace period.”
The table showed that “the month of April witnessed the highest fines for banks and non-financial institutions, as these fines reached 17 billion and 440 million and 383 thousand and 447 dinars, with administrative penalties amounting to 17 penalties, while the month of June witnessed the lowest fines, which amounted to 8 billion.” And 353 million, 387 thousand and 476 dinars with administrative penalties amounting to 50 penalties.”
The table did not show the names of the banks on which fines and administrative penalties were imposed. The
Investors Association in the Iraq Stock Exchange had criticized, in early last June, the Central Bank of Iraq’s increase in fines on banks. Pointing out that it will affect the profitability of investors in the shares of these banks.
https://iraqtoday.com/news/76926/البنك-المركزي-يعلن-عن-فرض-غرامة-اكثر-من100-مليار-على-شركات-الصرافة
economy, 10/29/2023 20:27 Number of readings : 225
Baghdad - Iraq today:
The Central Bank of Iraq announced on Sunday that fines imposed on banks and non-banking institutions (exchange companies) amounted to more than 104 billion Iraqi dinars during the past nine months.
A table of the bank showed that the fines imposed on banks and financial companies during the past nine months, starting from January and until September, amounted to 104 billion and 769 million and 332 thousand and 606 dinars, indicating that
“the fines also included 348 administrative penalties for these banks and non-banking institutions, distributed among Between warning, warning, and grace period.”
The table showed that “the month of April witnessed the highest fines for banks and non-financial institutions, as these fines reached 17 billion and 440 million and 383 thousand and 447 dinars, with administrative penalties amounting to 17 penalties, while the month of June witnessed the lowest fines, which amounted to 8 billion.” And 353 million, 387 thousand and 476 dinars with administrative penalties amounting to 50 penalties.”
The table did not show the names of the banks on which fines and administrative penalties were imposed. The
Investors Association in the Iraq Stock Exchange had criticized, in early last June, the Central Bank of Iraq’s increase in fines on banks. Pointing out that it will affect the profitability of investors in the shares of these banks.
https://iraqtoday.com/news/76926/البنك-المركزي-يعلن-عن-فرض-غرامة-اكثر-من100-مليار-على-شركات-الصرافة
