CBI sets a time limit for banks to reach their capital 250 billion Iraqi dinars

CBI sets a time limit for banks to reach their capital 250 billion Iraqi dinars

14/06/2012 12:58

Baghdad, June 14 (Rn) – The Central Bank of Iraq Thursday he set a time limit for all banks in Iraq to increase their capital and reached the roof of 250 billion Iraqi dinars, indicating that the end of the selection is to improve its dealings banking. and exceeds the number of banks in Iraq, 50 banks and has more than 800 branches spread across the provinces, which still is a number slightly compared with the population. Deputy Governor of Bank of the appearance of Mohammed, told the Kurdish news agency (Rn) “We asked all banks in Iraq by increasing their capital to strengthen their dealings and give them loans more,” noting that the “minimum head money should be arriving next June is 250 billion Iraqi dinars. ” said the Deputy Governor that “each bank should during June present to total capital of 250 billion Iraqi dinars … banks currently seeking to increase their capital and the central bank is working to improve their work and not a sword hanging by . “Iraq has suffered from a decline in per capita share of banking services to reach an average to one bank per 40 thousand people, is a big difference from what exists in neighboring countries. The main task of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies and management of reserves of foreign currency and the organization of the banking sector.From: Raman Brosk. Open: Abdullah Sabri

Source: aknews