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Central bank gives the economy for investment and funding some of the powers under the tutelage Bank

Rocky

Rocky: Admin Assist; Posts : 280757
Join date : 2012-12-21

Post n°1

Central bank gives the economy for investment and funding some of the powers under the tutelage Bank

by Rocky Mon 30 Jun 2014, 6:02 am

Central bank gives the economy for investment and funding some of the powers under the tutelage Bank

Central Bank of Iraq

Author: Editor: br reporter: ar

06/30/2014 12:25

Tomorrow's Press / Baghdad: Iraqi Central Bank announced Monday, for determining work assignments in Economy Bank for Investment and Finance reality under the tutelage of the bank in order to maximize the bank's resources Finance to the limit and work to reduce losses to a minimum. said Director General of the Directorate of banking and credit control Abdul Abbas behind the Sultan in a statement received "tomorrow's Press," said that "the central bank decided to give some financial powers to manage the bank in order to compensate for losses included entry Economy Bank for Investment and Finance to take the buying and selling of foreign currency ceiling cash specified amount of five million dollars a week." and added that "the Bank also allowed the bank to issue letters of guarantee type entry tender exclusively starting tomorrow, Tuesday, "pointing out that" these measures come based on the powers of the Central Bank of Iraq in accordance with the Banking Act No. 94 of 2004. "

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Central bank gives the economy for investment and funding some of the powers under the tutelage Bank

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