##### World Bank praises the draft reform of the banking sector in Iraq

[ltr] July 17, 2013


Iraqi Central Bank announced Wednesday that the World Bank praised the draft reform of the banking sector in Iraq.


The bank said in a statement received "Alsumaria News," a copy of it, that "the bank had received a letter from the World Bank praises the report issued by the international auditing firm for the final financial statements of the draft reform of the banking sector in Iraq."


The statement added that "the central bank conducted a few years ago the draft reform of the banking sector in Iraq and the promotion and development of banking supervision and coordination and cooperation with the World Bank and access to a Iraqi bank Advanced," asserting that "the report was devoid of any observations or reservations This report reflects the good efforts that the Department of the Iraqi Central Bank in this area. "


And the foundations of the Iraqi Central Bank as a bank independent under its law issued on the sixth of March of the year 2004 as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies and being sessions a day for the sale and purchase of foreign currencies, except on Friday.




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[/ltr]

World Bank praises the draft reform of the banking sector in Iraq

17/07/2013 - 12:59



Alsumaria News / Baghdad
Iraqi Central Bank announced Wednesday that the World Bank praised the draft reform of the banking sector in Iraq.

The bank said in a statement received "Alsumaria News," a copy of it, that "the bank had received a letter from the World Bank praises the report issued by the international auditing firm for the final financial statements of the draft reform of the banking sector in Iraq."

The statement added that "the central bank conducted a few years ago the draft reform of the banking sector in Iraq and the promotion and development of banking supervision and coordination and cooperation with the World Bank and access to a Iraqi bank Advanced," asserting that "the report was devoid of any observations or reservations This report reflects the good efforts that the Department of the Iraqi Central Bank in this area. "

And the foundations of the Iraqi Central Bank as a bank independent under its law issued on the sixth of March of the year 2004 as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies and being sessions a day for the sale and purchase of foreign currencies, except on Friday.


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