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[size=36]In the document, the Central Bank agrees to open banking offices near these departments and institutions[/size]
[size=36]Economy | 04:08 - 04/12/2019[/size]
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BAGHDAD - Mawazine News
The Central Bank of Iraq, agreed to allow banks to open banking offices near the departments and institutions that do not have financial revenue provided the prior approval.
The most prominent banking activities that these banks are allowed to practice according to a document obtained by (Mawazine News), are the opening of current accounts, savings and deposits, the delivery of salaries to employees at the place opened nearby, the issuance of ordinary and certified instruments, and the sale and purchase of foreign currency.
The document also includes mentioning the actions that these banks are not allowed to perform, most notably the granting of cash and undertaking except for the governmental banks due to the directive of the Ministry of Finance to convert its offices to branches in government departments and conduct external transfers.
The Central Bank of Iraq, agreed to allow banks to open banking offices near the departments and institutions that do not have financial revenue provided the prior approval.
The most prominent banking activities that these banks are allowed to practice according to a document obtained by (Mawazine News), are the opening of current accounts, savings and deposits, the delivery of salaries to employees at the place opened nearby, the issuance of ordinary and certified instruments, and the sale and purchase of foreign currency.
The document also includes mentioning the actions that these banks are not allowed to perform, most notably the granting of cash and undertaking except for the governmental banks due to the directive of the Ministry of Finance to convert its offices to branches in government departments and conduct external transfers.
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