The launch of the first deposit certificate of its kind in Iraq

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The launch of the first deposit certificate of its kind in Iraq

Post  Admin on Thu Apr 06, 2017 6:02 pm

Thursday, 6 April 2017 - 06:10 PM

  

    The Iraqi Commercial Bank has issued a deposit certificate, the first of its kind in the country after obtaining the approval of the Central Bank, in order to deal between the bank and customers.

    The Director General of the Board of Directors of the Iraqi Bank for Trade, Faisal Al-Humais said in a statement by Al-Marb, "The product was launched from about a month, a simple idea is a certificate of deposit of 500 thousand dinars and qualify the certificate to an opportunity to enter the draws."

    For his part, Haitham al-Jubouri, a member of the parliamentary finance committee, said that "withdrawing these funds, operating and benefiting from them will be more money than the money they will give as prizes."

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