Central Bank warns citizens of instruments to deal with the Basra International Bank

Wednesday June 11, 2014 12:56




Alsumaria News / Baghdad


Warned the Central Bank of Iraq, Wednesday, dealing with the citizens of Basra International Bank and investment, adding that the bank stopped all its banking practice.

The bank said in a statement received "Alsumaria News", that "the citizens not to accept any instrument issued by the Basra International Bank for Investment and to stop the practice of all banking business."

The bank said that "the bank had previously put under the guardianship of coercive based on the decision of the Iraqi Central Bank in 1485 in June 2012 in accordance with Article 69 of the Banking Act 2004."

The Central Bank of Iraq in 0.6 of June, from imposing guardianship on the Economy Bank for Finance and Investment, adding that he had formed committees and trusteeship composed of three people for a period of 18 months, subject to extension of its mission to prepare a report on the financial situation and the future and the future prospects for the bank.


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