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[size=45]The Central Bank of Iraq announces the withdrawal of the license of a mediation company for the sale and purchase of foreign currencies for not fulfilling the merger condition
26 minutes ago[/size]
On Sunday, the Central Bank of Iraq announced the withdrawal of a brokerage company license for buying and selling foreign currencies for not achieving the merger condition.
The bank said in its statement, “Based on the decision of the board of directors of this bank No. (47) for the year 2023. It was decided to withdraw the license of Al-Rayhanah Company to mediate the sale and purchase of foreign currencies for not fulfilling the merger condition.
The bank called on the Ministry of Commerce to “cancel the incorporation certificate granted to the company, in addition to striking off the company’s name from the records and providing the Central Bank with the certified liquidation letter.”
And the Central Bank of Iraq was established as an independent body according to its law issued on the sixth of March of the year 2004, after it was before this date linked to the Ministry of Finance, and it is responsible for maintaining price stability and implementing monetary policy, and it supervises 10 commercial banks, 26 private banks and 16 Islamic banks, In addition to 19 foreign banks, as well as 6 financial institutions and 31 money transfer companies.
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26 minutes ago[/size]
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On Sunday, the Central Bank of Iraq announced the withdrawal of a brokerage company license for buying and selling foreign currencies for not achieving the merger condition.
The bank said in its statement, “Based on the decision of the board of directors of this bank No. (47) for the year 2023. It was decided to withdraw the license of Al-Rayhanah Company to mediate the sale and purchase of foreign currencies for not fulfilling the merger condition.
The bank called on the Ministry of Commerce to “cancel the incorporation certificate granted to the company, in addition to striking off the company’s name from the records and providing the Central Bank with the certified liquidation letter.”
And the Central Bank of Iraq was established as an independent body according to its law issued on the sixth of March of the year 2004, after it was before this date linked to the Ministry of Finance, and it is responsible for maintaining price stability and implementing monetary policy, and it supervises 10 commercial banks, 26 private banks and 16 Islamic banks, In addition to 19 foreign banks, as well as 6 financial institutions and 31 money transfer companies.
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