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The Central Bank directs the banks not to sell the dollar to its branches in Kurdistan

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rocky
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The Central Bank directs the banks not to sell the dollar to its branches in Kurdistan

Post by rocky on Wed Nov 08, 2017 6:21 am

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Baghdad / Al-Ghad Press: 
The Central Bank of Iraq, all banks not to sell the dollar to its branches in the Kurdistan region. 

A document issued by the Central Bank and obtained by "Al-Ghad Press" a copy of it, that "based on the decision of the House of Representatives No. 58 in 2017/10/12 on the non-sale of foreign currency to banks operating in the region or have branches in it, the Central Bank Confirms commitment to this resolution. "

The document stressed that "the failure of any bank to comply with this decision and within one week of its implementation, the bank will be prevented from entering the window selling foreign currency with the Central Bank of Iraq."

 
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weslin3
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Re: The Central Bank directs the banks not to sell the dollar to its branches in Kurdistan

Post by weslin3 on Wed Nov 08, 2017 11:37 am

This may be the article that some maybe had a bad translation on quit selling the dinar... instead it is quit selling the dollar to the Kurd branches..  scratch
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Re: The Central Bank directs the banks not to sell the dollar to its branches in Kurdistan

Post by ahill on Wed Nov 08, 2017 12:13 pm

Good thinking weslin
Sounds reasonable.
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rocky
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Central Bank suspends the dealings of banks in the Kurdistan region

Post by rocky on Wed Nov 08, 2017 1:50 pm

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Central Bank suspends the dealings of banks in the Kurdistan region

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[rtl]Release date: 2017/11/8 18:32 • 99 times read[/rtl]
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(Baghdad: Al-Furat News) The Central Bank of Iraq decided to suspend the work of branches of banks and banks in the Kurdistan region of Iraq in foreign currencies until further notice, calling on banks to arrange their positions within a week.
The decision of the Central Bank of Iraq, on Wednesday, the banks to suspend the work of its branches in the Kurdistan region within a week from the date, until further notice, based on the House of Representatives Resolution No. 58 of 12 October last. 
"The decision was taken on Tuesday and circulated to banks today to stop all transfers of funds to their branches in the region," Bank spokesman Acer Jabbar said. 
He added that "a week has been given to banks to arrange their conditions with their branches internally," pointing out that "there are about 63 branches of banks within the region, dealing in dollars and foreign currencies." 
According to the decision, which will enter into force after the week deadline, these branches are not entitled to transfer funds or deal in foreign currencies.
The situation between Baghdad and Erbil intensified after the Kurdistan region held a referendum on secession from Iraq on 25 September last, while the House of Representatives passed 13 resolutions against the region after the referendum. 
Iraqi forces regained control of Kirkuk after its October 16 operation to impose security and redeployment in Kirkuk and disputed areas between Baghdad and Erbil. 
The Kurdish Peshmerga forces withdrew from Kirkuk after clashes and clashes left dead and wounded with Iraqi federal forces in Kirkuk, and other areas within the disputed. 
The Kurdistan region lost all the regions that were the main source of its economic resources, especially Kirkuk, Sinjar and Khanqin, and the only outlet linking it with Syria, with the remaining three governorates only: Dohuk, Erbil and Sulaymaniyah.
The President of the Kurdistan region of Iraq Massoud Barzani on October 29 last, refused to extend his mandate or to run for a new term, while the parliament approved the distribution of powers on the three presidencies: the government, parliament and the Supreme Judicial Council, pending the holding of presidential and legislative elections in the region On July 12. 
The federal government in Baghdad pledged to pay the salaries of employees of the Kurdistan region and Peshmerga forces, and sent from the treasury of the state in Baghdad. 
There have been new financial differences between the government of the Territory and the Iraqi government because of the recent intention to reduce the share of the province of the state budget for 2018 to 12.6 percent, instead of 17 percent, obtained by the Territory since 2005. 
The draft draft law for the budget next year is under discussion in the Council of Ministers The Iraqi who will send them to Parliament for discussion and approval



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rocky
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close .. The Central Bank stops selling the dollar to Kurdistan

Post by rocky on Thu Nov 09, 2017 4:17 am

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 2 hours ago




Twilight News / A document issued by the Central Bank of Iraq, directing banks not to sell dollars to their branches in the Kurdistan Region. 
The document issued on Tuesday, we refer you to the resolution of the House of Representatives No. 58 on 12/10/2017 on the failure to sell the foreign operation to banks operating in the region or have branches in it. And for the purpose of continuing your participation in the window of the sale and purchase of foreign currency. Please inform us your actions on the suspension of the work of your branches in the region and within a week from the date above and until further notice. " 
Baghdad took a series of security measures and austerity in response to the referendum held by the region on September 25. 
The Iraqi Council of Representatives has issued a binding resolution demanding the Iraqi government to stop All financial and banking transactions with the Kurdistan Region 
These sanctions come in the wake of a ban on direct international flights to the Kurdistan Region.

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Hawrami: Stop selling the dollar to the banks of the region "collective punishment"

Post by rocky on Thu Nov 09, 2017 4:43 am

[size=32][ltr]Hawrami: Stop selling the dollar to the banks of the region "collective punishment"[/ltr][/size]

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[ltr]Last updated: 9 November 2017 - 1:03 pm

Erbil Hawrami, leader of the Kurdistan Democratic Party and close to Massoud Barzani, on Thursday, the central bank's decision to stop the sale of dollars to branches of banks in the region as a "collective punishment." Hawrami said in an interview today: "collective punishment The Central Bank issued a decision, to prevent banks from selling dollars to its branches in Kurdistan, and that the bank that violates this procedure will be prevented from entering the currency window at the bank. The bank pointed out that this procedure, e And in implementation of a decision of the House of Representatives.



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the Central Bank of Iraq calls on private banks to close their branches in Kurdistan

Post by rocky on Thu Nov 09, 2017 6:44 am

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the Central Bank of Iraq calls on private banks to close their branches in Kurdistan[/size]
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The Central Bank of Iraq on Thursday called on banks and private banks to close their branches in the Kurdistan Region.
According to Kurdish media reports, the central bank has given these banks and banks seven days to implement the order to close branches in the region.
A document issued by the Central Bank of Iraq, directed banks not to sell dollars to their branches in the Kurdistan Region.
The document issued on Tuesday, we refer to the decision of the House of Representatives No. 58 on 12/10/2017 on the non-sale of the foreign operation to banks operating in the region or have branches in it. And for the purpose of continuing your participation in the window of the sale and purchase of foreign currency. Please inform us of your actions regarding the suspension of the work of your branches in the region and within a week from the date above and until further notice. "
Baghdad took a series of security and logistical measures in response to the referendum held on September 25.
The Iraqi Council of Representatives has issued a binding resolution demanding the Iraqi government to stop all financial and banking dealings with the Kurdistan Region.
These sanctions come in the wake of a ban on direct international flights to the Kurdistan Region.



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Re: The Central Bank directs the banks not to sell the dollar to its branches in Kurdistan

Post by weslin3 on Thu Nov 09, 2017 9:18 am

I find all of this interesting... Don't have a clue how it effects any of our RV, but just interesting.
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The Central Bank calls on private banks to close their branches in the territory of northern Iraq wi

Post by rocky on Thu Nov 09, 2017 1:58 pm

The Central Bank calls on private banks to close their branches in the territory of northern Iraq within a week

15:47 - 09/11/2017


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A senior source in the Central Bank of Iraq, on Thursday, the bank's request of private banks to close branches in the northern region of the country, warning of the consequences of non-compliance with the decision to deprive them from the window selling foreign currency.
The source said in a statement quoted by the "Anatolia Turkish", a senior Iraqi official did not name that "the Central Bank has issued an explicit invitation to banks to close their branches in the northern region within a maximum of one week from now."
The source added that "the deadline for banks expire with the end of official working on 14 November," noting that "banks that will not comply with the decision of the Central Bank, will be deprived of the window selling the currency Ahnabip."
The foreign exchange window is a channel created by the central bank to provide banks with a need for foreign exchange, which is scarce, for commercial operations.
The bank's instructions, in line with a decision taken by the Iraqi parliament last month, and requires the suspension of all financial and banking transactions with the region, against the background of the referendum on secession on 25 September last.





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