CBI announces controls the opening of branches of foreign banks
Central Bank of Iraq controls the opening of branches of foreign banks in the country. The deputy governor of the Central Bank of Iraq the appearance of Mohammed Saleh (Center Brief for IMN) “The bank wants opened a branch in Iraq must have been made a profit during the past three years with the backing of the monetary authorities in the country that there is no suspicion regarding money laundering” .
He explained that “follows the international standards and has a global bank credit and submit a study technical and economic feasibility and has the money to الاتقل about $ 7 million.”
The central bank is an independent body to regulate the banking sector to promote a competitive financial system and independently between government and private banks and foreign.