The central bank denied three private banking company and 99 banks from entering sell the currency window

by **Ssmith** Thu Oct 27, 2016 2:31 pm

The central bank denied three private banking company and 99 banks from entering sell the currency window

2016-10-27 05:05:52 | (Voice of Iraq) - Baghdad

It decided to CBI, deprived of three and 99 private banking company from entering the window banks sell the currency, while the reasons attributed to the violation of the laws and regulations of the bank for the purchase and sale of foreign currency.

A source at the bank said " the Iraqi Central Bank decided today, deprived of three private banks and 99 banking company from entering sell the currency window , " noting that "deprive these companies and banks comes due to the violation of the laws and regulations of the Central Bank for the purchase and sale of foreign currency."

The source , who asked not to be named, said : " The three banks are, the regional Islamic Cooperation, and Melli Iran, Barcan , " pointing out that " the banking companies that have been starved in a number of provinces, including Baghdad, Nineveh, Anbar and Kirkuk and Karbala."

The Central Bank of Iraq counted on Monday, (29 August 2016), the foreign currency sale "window and a means to ensure stability , " the dinar exchange rate to meet the Iraqi economy requirements, while assuring "a greater role" for government banks to buy and sell the dollar and the development and verification sources of funds used for the purchase of hard currency.

The Central Bank of Iraq was established independently as a bank under a law issued on the sixth of March 2004, as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies being sessions a day for buying and selling currencies.
[size=13]
http://www.sotaliraq.com/latestnews.php?id=356939#axzz4OJNTuxMF
[/size]