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The Central Bank reduces the professional practice fees for banking offices

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rocky
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The Central Bank reduces the professional practice fees for banking offices

Post by rocky on Mon 10 Sep 2018, 6:40 am

The Central Bank reduces the professional practice fees for banking offices

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The Central Bank of Iraq announced on Monday the reduction of fees for the practice of banking offices, indicating that it will be implemented as of 2019.
The bank said in a statement received by "Economy News" that "based on the decision of the Board of Directors of the bank No. 107 of 2018, it was decided that the wages of practicing the profession for your companies by 2 million dinars a year instead of five million dinars."
"These wages will be implemented as of 2019," the bank said.

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rocky
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The Central Bank reduces the professional practice fees for banking offices

Post by rocky on Mon 10 Sep 2018, 6:51 am

The Central Bank reduces the professional practice fees for banking offices

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said the Iraqi Central Bank , on Monday, for reduced wages of the practice of the profession of banking offices, indicating that it will be implemented as of 2019. 

The bank said in a statement received Alsumaria News that "based on the Bank 's Board of Directors ' Decision No. 107 of the year 2018 , it was decided that The fees of practicing the profession for your companies will be 2 million dinars per year instead of five million dinars. " 

"These wages will be implemented as of 2019," the bank said.
The Central Bank of Iraq was established as an independent bank under its law of 6 March 2004 as an independent body responsible for maintaining price stability and implementing monetary policy. It supervises 10 commercial banks, 26 private banks and 16 Islamic banks, as well as 19 foreign banks. 6 financial institutions and 31 financial transfer companies.




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rocky
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Iraqi Central Bank reduces the fees of practicing the profession of banking offices

Post by rocky on Mon 10 Sep 2018, 7:03 am

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[size=32]Iraqi Central Bank reduces the fees of practicing the profession of banking offices[/size]

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[rtl]Baghdad[/rtl]

[rtl]The Central Bank of Iraq announced on Monday the reduction of fees for the practice of banking offices, indicating that it will be implemented as of next year.[/rtl]


[rtl]"Based on the Board of Directors' decision No. 107 of 2018, it is decided that the fee of practicing the profession for banking companies will be two million dinars annually rather than five million dinars," the bank said in a statement.[/rtl]


[rtl]"These salaries will be implemented starting next year.[/rtl]



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Lobo
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Re: The Central Bank reduces the professional practice fees for banking offices

Post by Lobo on Mon 10 Sep 2018, 1:14 pm

Thanks Rocky, maybe this will encourage more banks to open in Iraq.
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Wheelman
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Re: The Central Bank reduces the professional practice fees for banking offices

Post by Wheelman on Mon 10 Sep 2018, 3:50 pm

Sounds like they have an exchange rate, 1
Million Dinars now = $1050.00 if you purchase as of today
And they on cutting by Two Million? Huummm????

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