The Central Bank of Iraq suspends the work of 10 Lebanese banks operating in Kurdistan
The Central Bank of Iraq suspends the work of 10 Lebanese banks operating in Kurdistan
Date Posted 12/11/2017 12:07 PM
The Central Bank of Iraq suspended the work of branches of private banks in the Kurdistan region within a week involving 10 Lebanese banks, and pointed out that the decision is vague and incomprehensible.
The Central Bank of Iraq issued orders to banks to close their branches in the Kurdistan region within a week to avoid a ban on the sale of the dollar.
The sources added that the units of Lebanese banks in Iraq, specifically in the Kurdistan region, especially Arbil, is the most numerous and widespread and active among the banks and the value of the capital of Lebanese banks 500 million dollars as a result of the decision of the Central Bank of Iraq issued in the year two thousand and sixteen obligating foreign banks, including the Lebanese capital increase To fifty million dollars.
altahreernews.com
