Banking: the central government restricts work of private banks
Banking: the central government restricts work of private banks
On: Sun 24/06/2012 14:18
Baghdad (news) .. The head of the Board of Management Economy Bank Hossam Obaid Ali, that the private banks facing a “war” severe by the central government issued tough decisions affect the work of private banks.
Ali (of the Agency news) said on Sunday: The central government restricts work of private banks through issued a decision limiting its work without justification. He added that the first action carried out by the government issuing a decision to keep all government departments to deal with private banks and the resolution is still in force and effect for all state departments, then the decision was made the second to prevent acceptance of instruments issued by private banks, which increases amounts of (5) million Iraqi dinars. and pointed out: that all actions carried out by the local government aims to obstruct the work of private banks without justification. / End / 21. d. Q /
Source: ikhnews
