14 deprive the banks from entering the window to sale and purchase of foreign currency

Mon, June 8, 2015 18:35


BAGHDAD / Baghdadi News / .. decided the Iraqi Central Bank, on Monday, depriving the 14 banks from entering the window to sale and purchase of foreign currency.

The head of the Association of Iraqi banks Abdul Aziz Hassoun, in an interview with / Baghdadi News /, that "the Central Bank of Iraq demanded earlier banks to submit documents and details of previous purchases in exchange for the importation of certain goods and Mahtagyat from outside the country."

He said Hassoun, said that "banks that have not submitted documents and details of the purchases of (14) banks, the Central Bank has decided to deny them access to a window sale and purchase of foreign currency in the future," .


http://www.albaghdadianews.com/economy/item/78838-GELAl-14-LZHEJA-Ll-AkDgNk-klAJdة-BnI-NyoEAs-AkILkة-AkAvlBnة.html

Central Bank decides to deprive the 14 banks from entering the window to sale and purchase of foreign currency

Tuesday June 9, 2015 10:20



Alsumaria News / Baghdad
Iraqi Central Bank decided, Monday, depriving the 14 banks from entering the window to sale and purchase of foreign currency, as he emphasized that depriving these banks will continue until the payment of the amounts discharged.

A source in the bank's Alsumaria News , that "the Central Bank has decided to deprive the 14 banks from entering the window of sale and purchase of foreign currency and stop the strengthening of their assets abroad," attributing the reason for this is "not they pay all amounts discharged for deductions of tax and customs secretariats and turn it into a body General of Taxation and the General Administration of Customs. "

The source added that "banks that are included deprivation Iraqi investment, Islamic country, by Lebanese French, Byblos , international development, the Arabian Gulf, the Middle East, Beirut and the Arab country, Ceyhan, the Bank of France, the Iraqi trade, Sumer Commercial, Huda. "

The source noted that "the deprivation will continue until the payment of the amounts discharged and provide us with what supports it."

And it established an independent Iraqi Central Bank as a bank under the law issued on the sixth of March 2004, as an independent body, is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies being sessions daily for buying and selling currencies.

It is noted that although private banks spread in Iraq, which amounted to more than 30 banks, but the banks did not play a pivotal role in the economic development process in Iraq because of the smallness of these banks in addition to the departure of government institutions to deal with it because of foot-dragging some private banks in their work.


http://www.alsumaria.tv/news/136547/البنك-المركزي-يقرر-حرمان-14-مصرفا-من-الد/ar

The central bank is due to auction 14 banks currency and put it under surveillance


Author: ASJ, BS
Editor: AT, BS
10/06/2015 17:32



Long-Presse / Baghdad

A source at the Central Bank of Iraq, on Wednesday, that the bank has decided to return the 14 banks to auction the currency after it was excluded earlier, and among the banks will be under the bank's control for a period of ten days, most likely excluded unless they are arranged tax status and Alkmarki.

The source said, in an interview with the (long-Presse), that "the central bank decided to return the 14 banks which had previously been excluded from entering the auction currency."

The source, who asked not to be named, said: "Association of private banks headed an official letter to the Central Bank explained that the possible damage caused as a result of the resolution."

The source explained, "The banks have the right to engage in currency auction starting from tomorrow, Thursday," following up "The Bank will put these banks under surveillance for a period of ten days of the order placed for the transactions tax and customs, and in the case could not therefore be excluded once and for all."

The Central Bank of Iraq, said in (the 18th of January 2015), that the financial reserves of Iraq equivalent and a half times the weakness of the currency bloc, returned as "best rates" in the countries of the world, and as he emphasized that Iraqi financial institutions are "unable" to cover the fiscal deficit, he stressed the need to reconsider the structure of the budget and spending and diversification of income sources and achieve investment more broadly to address the decline in oil prices.

http://www.almadapress.com/ar/news/49931/البنك-المركزي-يرجع-١٤-مصرفا-لمزاد-ا