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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

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Established in 2006 as a Community of Reality

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    The Central Bank of Iraq: The mechanism for issuing guarantees has become easier through the electro

    Rocky
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    The Central Bank of Iraq: The mechanism for issuing guarantees has become easier through the electro Empty The Central Bank of Iraq: The mechanism for issuing guarantees has become easier through the electro

    Post by Rocky Tue 05 Apr 2022, 8:09 am

    The Central Bank of Iraq: The mechanism for issuing guarantees has become easier through the electronic platform

    [ltr]2022.04.05 - 10:26[/ltr]


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    Baghdad - people   
    Today, Tuesday, the Central Bank of Iraq called on state institutions and the private sector to continue to follow the platform for letters of guarantee to ensure the financial solvency, and the validity of any letter issued by banks operating in Iraq.  
      
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    And the central bank confirmed, in a statement that “NAS” received a copy of it (April 5, 2022): “The mechanism of issuing letters of guarantee via the electronic platform contributed to increasing the seriousness of contractors and contractors in implementing projects and protecting government institutions from contracting with fictitious companies and limiting their ability to access the desired projects. implement it.”  

    He added, "The Letters of Guarantee platform has issued more than (30) thousand letters worth more than (9) trillion dinars during the year 2021, which confirms the success of the strategy of the Central Bank of Iraq in organizing the issuance of letters of guarantee and increasing the confidence of the beneficiaries of letters issued by banks that are subject to oversight. and inspection of the Central Bank of Iraq.  

    And he continued, "The establishment of the electronic platform for recording letters of guarantee issued by licensed banks for the benefit of government and private sectors, comes within the efforts of the Central Bank of Iraq to develop banking work, organize the mechanism for issuing and renew letters of guarantee based on guarantees provided by individuals and companies and the credit rating of exporting banks, and limiting the operations of fraud and forgery.  

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