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Urgent| The Central Bank of Iraq decides to refer the Babylon National Bank to forced liquidation
September 25, 2024
Baghdad/Iraq Observer
The Central Bank of Iraq decided to refer the Babel Al-Ahli Bank to forced liquidation.
According to a document issued by the Central Bank of Iraq, addressed to the Bank of Babylon, and received by “Iraq Observer,”
“It was decided to refer the bank to forced liquidation based on the provisions of Article No. 69 of Banking Law No. 94 of 2004.” She added:
“Appointment of Ahmed Abdel Mahdi Neama as liquidator of your bank.”
Below is the text of the document:
https://observeriraq.net/wp-content/uploads/2024/09/IMG_3517.jpeg
Yesterday, Monday, the US Treasury confirmed its support for Prime Minister Muhammad Shiaa Al-Sudani’s reform agenda.
The ministry said in a statement received by “Iraq Observer,” that
“Deputy Treasury Minister Wali Adeyemo met with Iraqi Prime Minister Muhammad Shia’ al-Sudani on the sidelines of the United Nations General Assembly to discuss
reforming the Iraqi banking sector,
financial relations with the United States, and
combating illicit financing.” The statement added,
“The Deputy Minister of Treasury congratulated Al-Sudani on the great progress Iraq has made in reforming the banking sector, which led to
expanding Iraq’s international financial communication and
increasing financial inclusion.”
Adeyemo affirmed, according to the Treasury statement,
“the Treasury’s support for the Central Bank of Iraq and Prime Minister Muhammad Shia al-Sudani’s reform agenda.”
The Deputy Minister of the Treasury praised the growth of the non-oil economy in Iraq by 6.0 percent, asking about “the steps the Prime Minister is taking to diversify the Iraqi economy from hydrocarbons, according to the US Treasury statement.”
It is noteworthy that the Central Bank continues to take procedures and requirements set by the US Federal Bank for the banking system in Iraq.
https://observeriraq.net/عاجل-البنك-المركزي-العراقي-يقرر-احالة/
September 25, 2024
Baghdad/Iraq Observer
The Central Bank of Iraq decided to refer the Babel Al-Ahli Bank to forced liquidation.
According to a document issued by the Central Bank of Iraq, addressed to the Bank of Babylon, and received by “Iraq Observer,”
“It was decided to refer the bank to forced liquidation based on the provisions of Article No. 69 of Banking Law No. 94 of 2004.” She added:
“Appointment of Ahmed Abdel Mahdi Neama as liquidator of your bank.”
Below is the text of the document:
https://observeriraq.net/wp-content/uploads/2024/09/IMG_3517.jpeg
Yesterday, Monday, the US Treasury confirmed its support for Prime Minister Muhammad Shiaa Al-Sudani’s reform agenda.
The ministry said in a statement received by “Iraq Observer,” that
“Deputy Treasury Minister Wali Adeyemo met with Iraqi Prime Minister Muhammad Shia’ al-Sudani on the sidelines of the United Nations General Assembly to discuss
reforming the Iraqi banking sector,
financial relations with the United States, and
combating illicit financing.” The statement added,
“The Deputy Minister of Treasury congratulated Al-Sudani on the great progress Iraq has made in reforming the banking sector, which led to
expanding Iraq’s international financial communication and
increasing financial inclusion.”
Adeyemo affirmed, according to the Treasury statement,
“the Treasury’s support for the Central Bank of Iraq and Prime Minister Muhammad Shia al-Sudani’s reform agenda.”
The Deputy Minister of the Treasury praised the growth of the non-oil economy in Iraq by 6.0 percent, asking about “the steps the Prime Minister is taking to diversify the Iraqi economy from hydrocarbons, according to the US Treasury statement.”
It is noteworthy that the Central Bank continues to take procedures and requirements set by the US Federal Bank for the banking system in Iraq.
https://observeriraq.net/عاجل-البنك-المركزي-العراقي-يقرر-احالة/
