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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


    The Central Bank tightens control over banking institutions to keep them away from new international

    Rocky
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    The Central Bank tightens control over banking institutions to keep them away from new international Empty The Central Bank tightens control over banking institutions to keep them away from new international

    Post by Rocky Mon 14 Aug 2023, 4:55 am

    [size=38]The Central Bank tightens control over banking institutions to keep them away from new international sanctions[/size]


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    August 13, 2023[You must be registered and logged in to see this link.]
    Baghdad / Obelisk Al-Hadath: The Central Bank of Iraq confirmed the tightening of its control over financial and banking institutions to keep them away from new international sanctions, while revealing the fact that there is a crisis in providing the dollar to merchants.
    The Deputy Director General of the Investments Department at the Central Bank, Muhammad Yunis, said that there is no crisis in the dollar currency, especially since Iraq has achieved historical levels in its reserves of foreign currency and gold during the last period.
    He added that the crisis is being fabricated by those who want to adopt informal methods of obtaining foreign currency, which put pressure on the dollar on the black market.
    He stressed the need to adhere to the instructions and controls for financing international trade set by the Central Bank in cooperation with international institutions.
    He pointed out that the Central Bank aims, through its strict procedures on financial and banking institutions, to distance them as much as possible from international sanctions that harm the reputation of our sober banking sector.
    He stated that the Prime Minister, Muhammad Shia'a al-Sudani, directed, in a meeting with the Central Bank, the tax departments to facilitate tax procedures for trade and facilitate all their work.
    Last July, the US Treasury Department imposed sanctions on 14 Iraqi banks for violations related to their dealings with entities that Washington imposes international sanctions on.
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