Agreement between Baghdad and Erbil to subject the banks of Kurdistan to the control of the Central Bank
March 13 2018 5:28 PM
March 13 2018 5:28 PM
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The governor of the Central Bank, Ali al-Alaq, on Tuesday, the agreement of Baghdad and Erbil to subject banks in the Kurdistan region to control the Central Bank of Iraq, indicating that it was also agreed to avoid double taxation.
"The Central Bank has the direct support of the Prime Minister of the Territory and the Minister of Finance to facilitate the work of the Central Bank branch and the performance of its oversight work to develop the banking sector in the region and provide ways of coordination between them."
Pointing out that "was also discussed on the licensing of banks and the government of the territory and re-development and legal adaptation to make them subject to the bank and control in a way that enables them to develop the role required."
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Baghdad Post
[rtl]The governor of the Central Bank, Ali al-Alaq, on Tuesday, the agreement of Baghdad and Erbil to subject banks in the Kurdistan region to control the Central Bank of Iraq, indicating that it was also agreed to avoid double taxation.
"The Central Bank has the direct support of the Prime Minister of the Territory and the Minister of Finance to facilitate the work of the Central Bank branch and the performance of its oversight work to develop the banking sector in the region and provide ways of coordination between them."
Pointing out that "was also discussed on the licensing of banks and the government of the territory and re-development and legal adaptation to make them subject to the bank and control in a way that enables them to develop the role required."
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