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[rtl]Iraq begins procedures for restructuring the oldest government bank[/rtl]
Economy , 06/08/2024 10:44 Number of readings: 225
Economy , 06/08/2024 10:44 Number of readings: 225
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[rtl]Baghdad - Iraq Today:
The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, chaired a meeting to restructure Al-Rafidain Bank. [/rtl]
[rtl]According to a statement issued by the Central Bank of Iraq: “The supervisory committee on the process of restructuring the Rafidain Bank, headed by the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, met in the presence of committee members from the Ministry of Finance, advisors to the Prime Minister, and advanced staff at the Central Bank of Iraq, in addition to the presence of the consulting company.” Global (Ernst & Young).[/rtl]
[rtl] He added, “The progress of work on the plan adopted by the government was reviewed in coordination with the Central Bank within the framework of the expanded program to reform the banking sector, raise the level of its performance and services, and achieve financial stability, " noting that "the meeting discussed the process of organizing the administrative, financial, and technical structure of Rafidain Bank, to move towards better outcomes." Global Banking Practices.” It is noteworthy that the aforementioned committee holds a monthly meeting under the chairmanship of the Prime Minister to provide a presentation on the steps taken and to monitor the progress of the process and provide guidance regarding it.[/rtl]
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