Central Bank raises capital for foreign banks to $ 50 million
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Central Bank raises capital for foreign banks to $ 50 million
Admin Mon Jul 18, 2016 9:39 am
Iraq suspended 18/07/2016 11:36
Spokesman of the Central Bank of Iraq Acer Jabbar said in an interview for the program Sabahat NOAA, said on Monday that "there needs to be a new resolution formally raise capital for foreign banks operating in Iraq to fifty million dollars."
And on the implementation of this resolution he noted Jabbar that "he will be in two phases, where the first batch will be twenty-five million dollars until the end of this year, the second batch of twenty-five million dollars the year-end 2017, and this comes from in order to increase banking currency activate and support the Iraqi economy."
http://www.radionawa.com/arabic/view.aspx?n_=57659&m_=21
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