Central Bank extends the capital increase for companies to mediate

Date: 07/02/2013 15:25:41 Thursday



Baghdad (news) .. Central Bank extended a capital increase for companies to mediate in the sale and purchase of foreign currencies for a thirty-first of December next to be the last date for the extension.

The bank said in a statement received Agency (news) copy of it: that Central did not agree on the amount of fragmentation increase in capital, according to what was decided at the meeting of the bank's board.


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Central bank: extend the period to raise the ceiling of capital for banking companies
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BAGHDAD / obelisk: CBI announced the extension of a capital increase for companies to mediate in the sale and purchase of foreign currencies to 31 from the month of December this year to be the last date for the extension.



A statement issued by the Central Bank and got "obelisk", a copy of it, that "the bank had decided not to approve the retail amount of the increase in capital, according to what was decided at the meeting of the Council of Directors of the bank."



The statement added that "during the meeting decided to extend the duration of the capital increase for companies to mediate in the sale and purchase of foreign currencies to 31 from the month of December this year."



The Iraqi Central Bank has decided to increase the capital of existing exchange companies which operate in the market and companies under formation to 500 million dinars the end of this year and the central bank is not obliged to grant any privileges to begin work as of 1/2/2013.


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Amin Abbas: Central Bank demands to facilitate the sale of hard currency for companies to mediate
Date: 09/02/2013 12:54:34 Saturday



Baghdad (news) .. Student member of the Finance Committee MP / National Alliance / Amin Hadi Abbas, the central bank to ease procedures for the sale of hard currency for companies to mediate to stop the monopoly of some companies on the procurement process.
Abbas said (of the Agency news): There are companies still in control of the process of buying hard currency from the central bank because of the restrictions placed by the bank management to mediate companies increase their capital.

He added: that the central bank demands to facilitate the procedures for the sale of hard currency and indivisible capital increase process for companies to mediate so that there are no practical monopoly by some companies and banks as it was in the previous Directors of the Central Bank.

He continued: these companies when controls over the procurement process in the bank auction would submit fake receipts to grab the largest amount of foreign exchange.
The Iraqi Central Bank announced the extension of a capital increase for companies to mediate in the sale and purchase of foreign currencies to 31 from the month of December this year to be the last date for the extension.

The Iraqi Central Bank has decided to increase the capital of the exchange companies existing and operating in the market and companies under formation to 500 million dinars end of this year and the central bank is not obliged to grant any concessions to begin work as of 01/02/2013.



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