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Specialist: Central Bank confound the banking business
29/06/2014
BAGHDAD / JD / .. called a specialist in financial matters on behalf of Hadi al-Tamimi, the central bank to take important measures to address the crisis experienced by the Iraqi banks in accordance with the laws and regulations, pointing out that some of the checks issued by the bank created a kind of confusion in the banking business.
He said al-Tamimi told / JD /: "Some of the instructions issued by the Central Bank against the private banks that confound the banking business such as increasing their capital or put strict controls for transfers of financial and buying and selling currencies are all led to the creation of a financial crisis in many Iraqi banks."
He said: "The confusion security witnessed by the country requires auditing and wait any steps that would harm the interests of citizens and customers with some of the banks, contrary to simple commands and ineffective.
He added that the central bank must take legal action to help support the banking sector, as well as finding solutions to the banks that have gone bankrupt as a bank Warka, the economy and other banks.
It is noteworthy that the central bank may impose guardianship on a number of private banks, including Bank of the economy, investment and the Warka Bank in a move to keep the funds of the bank customers and is not affected by the Iraqi economy.
According to the Central Bank, he was based in the conduct of this to the Banking Act No. 94 of 2004 in Article 40, which enables him the authority to supervise and control the banks operating in Iraq, the text of paragraph 1 of Article 59, which refers to appoint the CBI guardian of the bank when the central bank decided to that the bank does not meet its financial obligations when entitlements. / Finished / 8 /
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29/06/2014
BAGHDAD / JD / .. called a specialist in financial matters on behalf of Hadi al-Tamimi, the central bank to take important measures to address the crisis experienced by the Iraqi banks in accordance with the laws and regulations, pointing out that some of the checks issued by the bank created a kind of confusion in the banking business.
He said al-Tamimi told / JD /: "Some of the instructions issued by the Central Bank against the private banks that confound the banking business such as increasing their capital or put strict controls for transfers of financial and buying and selling currencies are all led to the creation of a financial crisis in many Iraqi banks."
He said: "The confusion security witnessed by the country requires auditing and wait any steps that would harm the interests of citizens and customers with some of the banks, contrary to simple commands and ineffective.
He added that the central bank must take legal action to help support the banking sector, as well as finding solutions to the banks that have gone bankrupt as a bank Warka, the economy and other banks.
It is noteworthy that the central bank may impose guardianship on a number of private banks, including Bank of the economy, investment and the Warka Bank in a move to keep the funds of the bank customers and is not affected by the Iraqi economy.
According to the Central Bank, he was based in the conduct of this to the Banking Act No. 94 of 2004 in Article 40, which enables him the authority to supervise and control the banks operating in Iraq, the text of paragraph 1 of Article 59, which refers to appoint the CBI guardian of the bank when the central bank decided to that the bank does not meet its financial obligations when entitlements. / Finished / 8 /
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