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Central Bank gives Bank of the economy limited powers to reduce losses
BAGHDAD - Iraq Press -30 June: Central Bank of Iraq, Monday, for determining work assignments in Economy Bank for Investment and Finance reality under the tutelage of the bank in order to maximize the Bank's financial resources to the limit, and work to reduce losses to a minimum.
The Director General of the Directorate of banking and credit control Abdul Abbas Khalaf Sultan said in a statement reported L / Iraq Press / "The central bank decided to give some financial authority for the management of the bank in order to compensate for the losses, which included entry Economy Bank for Investment and Finance to the window of the sale and purchase of foreign currency ceiling cash specified amount five million dollars a week. "
Sultan explained that "the bank also allowed the bank to issue letters of guarantee type entry tender exclusively starting tomorrow, Tuesday," adding that "these measures come based on the powers of the Central Bank of Iraq in accordance with the Banking Act No. 94 of 2004." Ended.
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BAGHDAD - Iraq Press -30 June: Central Bank of Iraq, Monday, for determining work assignments in Economy Bank for Investment and Finance reality under the tutelage of the bank in order to maximize the Bank's financial resources to the limit, and work to reduce losses to a minimum.
The Director General of the Directorate of banking and credit control Abdul Abbas Khalaf Sultan said in a statement reported L / Iraq Press / "The central bank decided to give some financial authority for the management of the bank in order to compensate for the losses, which included entry Economy Bank for Investment and Finance to the window of the sale and purchase of foreign currency ceiling cash specified amount five million dollars a week. "
Sultan explained that "the bank also allowed the bank to issue letters of guarantee type entry tender exclusively starting tomorrow, Tuesday," adding that "these measures come based on the powers of the Central Bank of Iraq in accordance with the Banking Act No. 94 of 2004." Ended.
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