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Neno's Place Established in 2006 as a Community of Reality


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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Legal: The Association of Private Banks is more like a "group" and has no role

    Rocky
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    • Post n°1

    Legal: The Association of Private Banks is more like a "group" and has no role Empty Legal: The Association of Private Banks is more like a "group" and has no role

    Post by Rocky Thu 20 Apr 2023, 4:38 am

    Legal: The Association of Private Banks is more like a "group" and has no role
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    Baghdad today - Baghdad
    Today, Wednesday, the legal expert, Ali Al-Tamimi, considered that the Association of Banks is more like “groups” and has no role in regulating the work of banks.
    Al-Tamimi said in an interview with "Baghdad Today", that "the Association of Banks has no role for it, and the process of linking any bank must be direct with the Central Bank, as it is the one who holds it accountable and is the one who gives it the license."
    He added, "The Association of Banks or any other association is more like private troubles between banks," noting that it "does not represent the mechanisms of dealing and organizing dealing with the Central Bank because the Central Bank alone is responsible for private and government banks, and it alone has the right to pursue its work."
    It is worth noting that in light of the explosion of the dollar crisis in the Iraqi markets during the past days, which came as a result of the involvement of private banks in smuggling dollars from Iraq and through the currency sale window in which dozens of private banks participate, the Iraqis turned their attention towards the "Association of Iraqi Private Banks." 
    In this aspect, bankers and specialists stress the need to dissolve the Association of Banks that did not provide anything to the Iraqis or to the banking sector in general amid its unknown and ambiguous role, while they called for the formation of a new association that includes private banks and organizes their work and has a tangible role in improving and reforming the banking sector.
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