Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Join the forum, it's quick and easy

Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    The Central Bank approves international rating agencies to classify banks operating in Iraq

    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 268592
    Join date : 2012-12-21

    The Central Bank approves international rating agencies to classify banks operating in Iraq Empty The Central Bank approves international rating agencies to classify banks operating in Iraq

    Post by Rocky Sun 01 Sep 2019, 10:25 am

    The Central Bank approves international rating agencies to classify banks operating in Iraq


     September 01, 2019
    [You must be registered and logged in to see this image.]






    The Board of Directors of the Central Bank of Iraq (CBI) has decided to adopt the rating agencies that have the criteria of (External Credit Assessment Institution) (ECAI)  emanating from the decisions of Basel, to classify the financial institutions in Iraq, namely :
     
    Standard & Poor 
    Moody's 
    Fitch Ratings 
    Capital Intelligence 
     
    He stressed that the bank will consider the requests made by other rating agencies, and that it will require the availability of credit rating from one of the four agencies above for banks operating in Iraq, which wish to conduct the following banking operations :
     
    Install  credits to export Iraqi crude oil through the Oil Marketing Company (SOMO).
    Open  government letters of credit up to $ 50 million .
    Issuance  and acceptance of letters of guarantee for the benefit of government departments .
    The Bank's Board of Directors also noted that this decision is effective in 2020 when banks complete their readiness and receive a credit rating that qualifies them to practice the above mentioned banking operations at any time.
     
    Central Bank of Iraq
     information Office
    September 1, 2019


    [You must be registered and logged in to see this link.]

      Current date/time is Sun 21 Apr 2024, 8:38 am