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

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



09/8/2017 12:00 am

He confirmed that {Daesh} seized more than two trillion dinars
Baghdad / morning , the
Central Bank of Iraq announced taken measures by the Central Bank 's departments for the rehabilitation and the opening of branches of banks in the liberated areas of control "Daesh", while stressing the organization "Daesh" seized 856 billion dinars and nearly $ 101 million after the events of June 2014. the
bank said in a report posted on its website: " the banking Department has prepared revealed the branches of banks previously located in the areas of conflict with Daesh, and workplace branches in each province, classified by the bank and in accordance with For its own symbolic figures, for the purpose of establishing the appropriate mechanism for its reconstruction And direct its 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 to prepare uncles of the banks located 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 inquire from government banks about the possibility of achieving this book, The Ministry of Interior agreed to provide protection for these branches and their employees, except for the branches located in the towns of Ana, Rawa and Qaim. As for the districts (Fallujah, Hit, The rehabilitation of its buildings has not been completed. As for the governorates of Diyala and Salah al-Din, the liberated areas of the terrorist organization are safe and stable. The branches of the banks have been opened in Diyala.
The bank pointed out that "the Iraqi banking system was 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 pressure has worsened on the banking system after the acquisition of the Kurdistan Regional Government on deposits in the branches of the Central Bank affiliated 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 of private banks, including branches To the foreign banks operating in Iraq " The bank noted 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 "Dumpster has become rich through the sale of oil Which is obtained from Iraq and Syria, while it was not disclosed who buys the oil that he steals and urging him to flee to various countries " The bank said that" the daily proceeds of the organization, "urging" Of the illegal sale of oil is 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 US dollars before the drop in oil prices in the past period . "He said the bank" took precautionary measures to protect the sector Bank and financial during the period of control urges the branches of banks and companies, including stopping the activity of branches of banks and financial companies non-bank located in the provinces of Mosul, Salah al-Din and Diyala, Anbar and prevent the transfer or supply in foreign currency through the window and stop the participation of branches of banks and financial companies non-bank in N The electronic clearing system and the payment system in general and located in these provinces, in addition to other measures taken by the bank. "

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



In the economy  August 9, 2017 


Follow-up / SNG - 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 he confirmed that the organization "Daash" seized 856 billion dinars and about 101 million dollars after the events of June The bank said in a report published on its website: "The Banking Department has prepared a list of branches of banks previously located in the conflict areas with Dahesh, and the work of branches in each province, classified according to the bank and according to its symbolic figures, for the purpose of establishing the mechanism for the reconstruction And direct its work to serve its customers in the light of Kata Circle ". 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 date 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 approval of the Ministry of Interior To secure the protection of these branches and workers except for the branches located in the cities of (Aana, Rawa, Qaim), as for the districts (Fallujah, Hit, The rehabilitation of its buildings has not been completed. As for the governorates of Diyala and Salah al-Din, the liberated areas of the terrorist organization are safe and stable. The branches of the banks have been opened in Diyala. The bank pointed out that "the Iraqi banking system was 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 the 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 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" .


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