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Western banks withdraw its staff from Iraq
Mon 07 Jul 2014 10:14 p.m. Abu Dhabi / Future News:
forced the current crisis experienced by Iraq, and fighting that gradually expands, Western banks that have established branches in the Iraqi market to tighten procedures for customers and withdraw money senior staff amid growing security concerns.
said the site "Sky News", the U.S. bank, "Standard Chartered", which opened two branches in Baghdad and Erbil, the transfer of its own in Iraq to Dubai.
explained the site that the bank "Citigroup" transfer is also a representative office from Baghdad to Amman, Jordan, as advised international companies process has reduced the level of cash (LNG) which keep them to a minimum, according to the newspaper "Financial Times" British.
Despite the intelligence confirms that Daash stole about 450 million dollars in addition to gold stocks in the Iraqi Central Bank in Mosul last month, when the extension of its control over the city, located north-west of Iraq, but that "Sky News" said: that the workers in the banking industry say that banks in the city of Mosul, still working as usual, as he continues international lenders offer their services to companies Multi-National Force in Iraq, pointing out that the business is going normally.
were foreign banks several have announced their withdrawal from the Iraqi market before the outbreak of the recent crisis in Iraq, such as a bank, "HSBC", as it cut its relationship with Bank of Dar es Salaam for investment, by suspending its relationship banking with Bank of Iraq, which has 70 percent of its shares.
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