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[size=45][size=41]The Central Bank reveals a program to restructure government banks[/size]
4 hours ago
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4 hours ago
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The Governor of the Central Bank of Iraq, Ali Mohsen Ismail Al-Alaq, revealed a program to restructure government banks, considering that strengthening and restructuring these banks represents a real rebuilding of the banking sector in Iraq.
Al-Alaq said in a speech during the participation of an Iraqi delegation in the meetings of the World Bank and the International Monetary Fund in the American capital, Washington, that “the assets and assets of government banks constitute more than 80% of the Iraqi banking sector.”
Al-Alaq stressed that “the central bank has a program to restructure government banks and has been working on it for years in cooperation with the relevant international organizations, the World Bank and the International Monetary Fund, indicating that there is harmony between the Iraqi government and the central bank in the process of reforming the banking sector.”
And he continued, “There are several possibilities related to the restructuring of government banks, as these possibilities depend on the results of analyzes of the financial statements of some banks that have the problem of final accounts.” International, which has long experience and experience in this field.
The statement indicated that “the governor of the Central Bank held many bilateral meetings on the sidelines of the Iraqi delegation’s participation in the meetings of the World Bank and the International Monetary Fund that took place in Washington, DC.”
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