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The Central Bank of Iraq begins implementing steps to reform the banking sector

rocky
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The Central Bank of Iraq begins implementing steps to reform the banking sector Empty The Central Bank of Iraq begins implementing steps to reform the banking sector

Post by rocky on Mon 05 Oct 2020, 7:06 am

The Central Bank of Iraq begins implementing steps to reform the banking sector
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The Central Bank of Iraq announced, on Monday, the implementation of its first reform steps for the private banking sector .

The Central Bank stated, in a statement today, October 5, 2020, that it “has started implementing its first reform steps for the banking sector, as it has finished classifying private commercial and Islamic banks operating in Iraq according to a set of international standards as well as a number of standards approved by this bank.” .

"This step comes within the framework of enhancing confidence in the banking sector, improving the quality of services provided to the public, as well as enhancing competitiveness in the Iraqi banking sector," he added.

The bank stressed that "it has previously asked banks that are lagging more than once to work on correcting their conditions and paying their customers' dues. Therefore, this classification will be an opportunity for those banks to prove their seriousness in achieving reform requirements and pay the dues of depositors and shareholders."

He explained that "the next stage will include the process of (reforming government banks as well)," indicating that "the reform measures that have been adopted depend mainly on the Central Bank Law No. (56) of 2004 and the Iraqi Banking Law No. (94) of 2004 and the instructions and controls issued pursuant to them."
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Post by Stevethebrit on Mon 05 Oct 2020, 7:26 am

Will these reforms include...........you know what??

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Post by weslin3 on Mon 05 Oct 2020, 7:32 am

Good question... scratch

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Post by Diamond on Mon 05 Oct 2020, 7:45 am

steve an wes its just banking reforms for investments, no, you know what yet  lol! lol!

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Post by Stevethebrit on Mon 05 Oct 2020, 7:47 am

Figured as much but allow me my daydreaming lol.

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Post by weslin3 on Mon 05 Oct 2020, 8:43 am

[You must be registered and logged in to see this link.] wrote:steve an wes its just banking reforms for investments, no, you know what yet  lol! lol!
But this is needed before "you know what?" Right? lol!

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Post by Diamond on Mon 05 Oct 2020, 2:12 pm

Yep  lol! hi

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Post by weslin3 on Mon 05 Oct 2020, 9:25 pm

bounce bounce

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