Iraqi banks are closed today to complete the semi-annual financial settlements

by katt Sun Jul 03, 2011 1:20 pm

Baghdad, "Iraqi gate," Mohammad Sharif

Shut down government and private banks closed "Sunday" to complete the semi-annual financial settlements.

And monitored the "gate of Iraq" stop work across branches of government and private banks in Baghdad.

Bankers said, "the gate of Iraq" All bank branches nationwide, closed its doors today, to complete the work of the semi-annual adjustments, which include all of the analysis, including financial accounts, savings accounts and current accounts.

They added that "this action semi-annual, usually at the end of the fiscal year and the first of July of each year, and because of the holiday coincided with the end of the week that date was postponed implementation of these measures to the third day of July.

And stop banking operations, including drag-and-arrest operations in this day with the public.

The number of banks in Iraq, about 42 banks, including six state banks and 35 private banks, has deployed dozens of branches across the country, next to Spahfrua of foreign banks.

The Central Bank of Iraq has committed private banks recently increased their capital to become a 250 billion Iraqi dinars, the equivalent of U.S. $ 214 million for three phases, for a period of three years.

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