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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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    More than 58 billion dinars, the Iraqi Central Bank imposed fines on banks and exchange companies

    Rocky
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    More than 58 billion dinars, the Iraqi Central Bank imposed fines on banks and exchange companies Empty More than 58 billion dinars, the Iraqi Central Bank imposed fines on banks and exchange companies

    Post by Rocky Tue 06 Jun 2023, 8:30 am

    More than 58 billion dinars, the Iraqi Central Bank imposed fines on banks and exchange companies



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    2023-06-06 02:09
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    Shafaq News/ The Central Bank of Iraq announced, on Tuesday, that the fines imposed on banks and non-banking institutions (exchange companies) amounted to more than 58 billion Iraqi dinars during the past five months.



    A table of the bank, seen by Shafaq News agency, showed that the fines imposed on banks and financial companies during the past five months, starting from January and until the end of May, amounted to 58 billion and 70 million and 584 thousand and 977 dinars, indicating that "the fines also included 176 penalties administrative for these banks and non-banking institutions distributed between warning and warning and respite.
    And the table indicated that “the month of April witnessed the highest fines for banks and non-financial institutions, as these fines reached 17 billion and 440 million and 383 thousand and 447 dinars, with administrative penalties amounting to 17 penalties, while the month of January witnessed the lowest fines, amounting to 9 billion and 570 million and 15 thousand and 947 dinars, with 50 administrative penalties.
    The table did not show the names of the banks on which fines and administrative penalties were imposed.
    The Association of Investors in the Iraq Stock Exchange criticized early June that the Central Bank of Iraq had increased fines on banks, noting that it would affect the profitability of investors in the shares of these banks.
    She indicated that the bank directed, during the first quarter of this year, 134 fines worth 34.7 billion dinars, usually a very large number that affects the profitability of banks and small investors in the Iraqi stock market.
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