The central bank re-opening of branches in Arbil, Sulaymaniyah and linked officially

The central bank re-opening of branches in Arbil, Sulaymaniyah and linked officially

11.7.2016

Long-Presse / Baghdad

The Central Bank of Iraq, his intention to re-opening of branches in Erbil and Sulaymaniyah, stressing that they Sertbtan him directly and are subject to controls and mechanisms work.

A source familiar with the bank, said in an interview to the (long-Presse), "The House of the Central Bank's management decided three years ago, cut off his relationship with branches in Erbil and Sulaimaniya, as they relate to the Ministry of Finance in the government of the Kurdistan region, as well as the occurrence of some of the administrative and financial matters that have not lived up to him "noting that" the Governor of the Central Bank and the agency, on the Keywords, agreed with the politicians and financial officials in the Kurdistan region, about two weeks ago, to re-open a subsidiary bank in the region with a new look. "

The source, who asked not to be named, said, "will be officially affiliated branches of the Central Bank of Iraq and linked him directly and are subject to controls and working mechanisms governing all its branches."

The Central Bank of Iraq, decided on Sunday, (the sixth of November the current 2016), the opening of a branch in the Middle Euphrates region, the choice of holy city of Najaf-based.

Thus, the bank will have with this resolution, six branches, in Baghdad, Basra, Mosul, Arbil, Sulaimaniya and the Middle Euphrates.

Central Bank opens two branches to him in Kurdistan

2016/11/8 

[Oan- Baghdad]

Council of the Iraqi Central Bank administration decided to open two branches for him to manage its activities and functions in the Kurdistan region.

According to a statement to inform the bank received by all of Iraq [where] a copy of it, that "a delegation from the Central Bank visited the region and met with officials there to discuss opening branches arrangements where said members of the delegation regulatory bank 's tasks and its role in price stability and development, and the indispensability of opening branches to exercise the role of the central bank and functions . "

the statement added that" regional officials commended on this initiative and instructed to meet the requirements of making it easier for the central bank to engage his duties there. "

the statement noted that" the central bank had earlier announced the opening of a branch in the mid - Euphrates region - based province of Najaf and this comes in light of the bank 's policy to strengthen its oversight role and the oversight and development and in line with the goals set forth in the law No. 56 of 2004 ".