Central Bank: Procedures for the rehabilitation of banks in liberated areas

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Central Bank: Procedures for the rehabilitation of banks in liberated areas

Post  Admin on Wed Aug 09, 2017 10:24 am

Wednesday, August 9, 2017 - 9:17 am


The Central Bank of Iraq has taken measures by the Central Bank departments to rehabilitate and open branches of banks in the liberated areas of the control of "Daash", while confirming that the organization "Daash" seized 856 billion dinars and about 101 million dollars after the events of June 2014.

 The bank In a report published on its website: "The Banking Department has prepared a list of branches of banks previously located in areas of conflict with Dahesh, and the place of work of branches in each province, classified according to the bank and according to its symbolic figures, for the purpose of establishing the appropriate mechanism for the reconstruction and direct work to serve its customers In light of the book of the department.

 " In addition, the Banking Supervision Department directed its letter to the financial transfer companies and exchange companies and to implement the directives of the General Secretariat of the Council of Ministers to address the issue of disbursing deposits to their customers and salaries of their branches and employees working in institutions located in hot spots through their branches located in the most secure areas and according to the mechanism prepared for this purpose.

 He pointed out that "the banking department in the preparation of uncles of the banks in the city of Ramadi to practice its work and inform the Department of the history of its inception and the Ministry of Finance to clarify from the government banks on the possibility of achieving this book, and suggested the Banking Department to wait until the security and logistical security sufficient before the Ministry of Interior (Al-Fallujah, Hit, Rutbah), the rehabilitation of its buildings has not been completed.

 As for the governorates of Diyala and Salaheddin, N the liberated areas of terrorist organization Daesh safe and stable bank branches have been opened in Diyala, it will open bank branches in Salah al-Din.

 The bank pointed out that "the Iraqi banking system has been exposed after the events of June 15, 2014, to a major setback because of the control of gangs calling on three provinces are Nineveh, Anbar and Salahuddin, in addition to important parts of the province of Diyala," noting that " 121 branches of government and private banks, including the branch of the Central Bank of Iraq.

 He added that "the estimates in light of the latest financial situation of the branches of the banks controlled by a subsidy, estimated at 856 billion dinars, in addition to that about 101 million dollars, and most of these deposits belong to government departments and provincial projects within the budget in 2014, including the assets of the Ministries of Defense And the assets belonging to minority members of Christians, Yazidis, Shabak, Turkomans and all other Islamic sects and sects, in addition to the assets of some small local companies whose owners left these cities because of the war and the occupation of Da'ashi.

 The bank added that "the pressure worsened on the banking system after the acquisition of the Kurdistan Regional Government deposits in the branches of the Central Bank belonging to the Ministry of Finance of the region, which is estimated at 5 trillion dinars, about 50 percent to the Iraqi Trade Bank, and the other half to more than 80 branches affiliated For private banks including branches of foreign banks operating in Iraq.

 " He pointed out that "the organization has taken large sums of money since the imposition of control over large areas of Nineveh in June 2014, as the income of the organization of two billion dollars a year, making it one of the richest organizations at the time," explaining that "Daash became rich through the sale The oil it gets from Iraq and Syria, while it is not disclosed who buys the oil he steals and urges and smuggles to different countries.

" The bank said that "the daily revenues of the organization" calling "of the sale of illegal oil amounted to about two million dollars for the sale of 30 thousand barrels per day, the price of a barrel of black gold in the organization between 25 - 50 dollars before the decline in oil prices in the past" .

 The bank said it had taken precautionary measures to protect the banking and financial sector during the period of control over banks and companies, including stopping branches of banks and non-bank financial companies in the governorates of Mosul, Salah al-Din and Diyala, Anbar and preventing the transfer or supply in foreign currency through the window and stop the subscription Branches of banks and non-bank financial companies in the system of electronic clearing and payment system in general and located in these provinces, in addition to other measures taken by the bank.

http://www.imn.iq/archives/184939

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