Dozens of banking company owners demonstrate in front of the Central Bank of Iraq
Dozens of banking company owners demonstrate in front of the Central Bank of Iraq
2023-10-05 01:19
Shafaq News / This Thursday morning, dozens of owners of banking companies organized a demonstration in front of the Central Bank of Iraq in the center of the capital, Baghdad, demanding the lifting of the penalties imposed on them for financial transactions that violate the law.
A Shafaq News Agency correspondent said that approximately 80 people, owners of banking companies, gathered in the Al-Rashid Street area in front of the Central Bank building, demanding that its administration lift the administrative and financial penalties imposed on them.
The Central Bank of Iraq announced at the end of last September that the fines imposed on banks and non-banking institutions (exchange companies) amounted to more than 90 billion Iraqi dinars during the past eight months of the year 2023.
The Association of Investors in the Iraqi Stock Exchange had criticized, in early June, the Central Bank of Iraq’s increase in fines on banks, noting that it would affect the profitability of investors in the shares of these banks.
On Monday, January 19, the Central Bank of Iraq announced a package of decisions that would return the foreign currency market to its normal state after the rise in it.
shafaq.com
