CBI News & Announcements

by **Ponee** Fri Nov 13, 2015 9:38 am

News & Announcements

[list]

The central bank acknowledged on 2015/11/10 conduct a public auction auction (C149) for the sale of the bank for their remittances (91) days
http://www.cbi.iq/documents/Announcemen-cbi-12-11-2015.pdf

(Statement) of the Central Bank of Iraq feel that decent public need clarification about what Taatdolh some media about the monetary policy and procedures and its own events, and display documents issued to him after cutting them out of context or a matter of adoption.

http://www.cbi.iq/documents/press%20for%2012-11-2015.pdf

Central Bank of Iraq
11/12/2015

Statement issued by the Central Bank of Iraq

Central Bank of Iraq feel that decent public need some clarification about what Taatdolh

The media about the monetary policy and procedures and its own events, and presentation documents

Issued after cutting him out of context or reasons of adoption .. At the time of the cases

Fiscal and monetary sensitive because of their relevance to the country's economy and the interests of the community, the ingested

Non-specialists may lead to confusion among recipients and the impact on their decisions and their expectations,

We would like to show the following: -

1. I have characterized the majority of those statements fallacies and spreading an atmosphere of pessimism

And frustration, either because of the absence of an accurate understanding of the purposes or non-objective runs from the motives

Different, some linked to political reality and the bickering and recrimination, and the spirit of incitement

For the purpose of aborting the rest of the functioning institutions in the state, as well as some

Proposals would be acceptable to the public and raise their questions and reservations at strip off

Context, or viewed from one angle.

2. with the central bank's policy is to distance from the debates and reactions

Statements and rhetoric, and not to disclose the reasons and justifications for some procedures

In line with the nature of the roles and the texts of law, particularly with regard to banking secrecy, but

The size of inaccuracies and confusion was such that harm the general stability and reputation and Astaqraralsouk

Iraq externally, and the consequent serious effects on Iraq's financial and monetary transactions

And banking and the expectations and reactions of dealers with investors, donors and others.

3. In the light of what has been asked of documents and information concerning violations of some banks

And companies in the sale of foreign currency window, and try to suggest to the public not to take Karim

This bank any action in this regard, we would like to clarify the following:

The Central Bank set up during the period 2015 - 2012 many of the suits in the courts

The competent Iraqi banks and companies contrary to the instructions sell the currency window

Foreign and those relating to anti-money laundering issues. The number of such suits has reached the limits of

(97) a lawsuit pertaining to banks and other financial institutions and clients of

Many customers of judicial decisions has been issued in this regard. ( has been imposed fines reached Akiemha up to 400 billion Iraqi dinars included

(40) banks.

© it has been punished (426) non-bank financial institution penalties (fine, alarm, alarm,

Denial of window sell the currency) and the withdrawal of permits and licenses for some of them with the imposition

The tutelage of the four banks into liquidation arrived one end while the rehabilitation

Two other banks.

(D) has been imposed multiple fines have reached the limits of Akiemha (5) billion Iraqi dinars in

With respect to other banking irregularities.

Therefore we call on the Bank of everyone to exercise responsibility and credibility and to look at things and processed

Professional and objective perspective to serve the interest both locally and internationally, and that this bank is fully prepared

To inform the interested ordered the bank and the issues referred to brief them on the ground and documentaries, and our doors are open

for this purpose.