Baghdad, 26 March (Rn) – The Central Bank of Iraq adviser, on Saturday, the bank select the $ 250 billion Iraqi dinars as a minimum for the establishment of private banks in the country.
He said the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that “the Central Bank of Iraq select 250 billion Iraqi dinars capital companies that want to establish private banks in the country given half after getting the final license by the Central Bank.”
And the central bank of Iraq in the last month that he would give the number of licenses to establish private banks, stressing that the increase in banks will enhance the economic role of the country.
Saleh explained that “the procedures for the registration of private banks begin to offer the company a request via Mhaorha to the legal department of banks in the bank and attached with the economic feasibility and then gets to leave the primary.”
He continued that “access to leave the final to be decided upon by the Governing Council after the completion of official documents and most important of which leave from work before the Registrar of Companies and a detailed view on the work of the bank and the main financial and monetary transactions.”
He denied the central bank in June 24 last that the development of Iraqi private banks according to risk is confirmed by the Ministry of Finance down.
The total capital of Iraqi private banks one billion and 600 million dollars now, other than bank branches owned by Arab and foreign companies operating in the country.
The Central Bank of Iraq said last Wednesday that the high inflation rate 0.01 November November compared with last month will not affect the value of the Iraqi dinar.
The main tasks of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies, and manage the reserves of foreign currency, and the issuance of currency management, as well as to regulate the banking sector.
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He said the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that “the Central Bank of Iraq select 250 billion Iraqi dinars capital companies that want to establish private banks in the country given half after getting the final license by the Central Bank.”
And the central bank of Iraq in the last month that he would give the number of licenses to establish private banks, stressing that the increase in banks will enhance the economic role of the country.
Saleh explained that “the procedures for the registration of private banks begin to offer the company a request via Mhaorha to the legal department of banks in the bank and attached with the economic feasibility and then gets to leave the primary.”
He continued that “access to leave the final to be decided upon by the Governing Council after the completion of official documents and most important of which leave from work before the Registrar of Companies and a detailed view on the work of the bank and the main financial and monetary transactions.”
He denied the central bank in June 24 last that the development of Iraqi private banks according to risk is confirmed by the Ministry of Finance down.
The total capital of Iraqi private banks one billion and 600 million dollars now, other than bank branches owned by Arab and foreign companies operating in the country.
The Central Bank of Iraq said last Wednesday that the high inflation rate 0.01 November November compared with last month will not affect the value of the Iraqi dinar.
The main tasks of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies, and manage the reserves of foreign currency, and the issuance of currency management, as well as to regulate the banking sector.
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