Financial penalties will increase for private banks if the stability and put the cash
Financial penalties will increase for private banks if the stability and put the cash
10/12/2013
BAGHDAD / JD / .. Ministry of Finance admitted that there is a certain period of time to resolve the problem of sanctions imposed on the number of private banks in the country.
The adviser said the ministry Hilal Taan told the reporter / JD / that a bug that has happened with some of the private banks, is pledged to the Iraqi Central Bank by giving them financial packages in order to stabilize the situation in which the cash.
He said that the central bank has pledged to give financial packages to customers of private banks until the end of its crisis and the stability of monetary conditions have thus lifting of sanctions and returning again to the banking system.
And suffer from a number of private banks from continuing to inflict damage and closed by the depositors and the Iraqi economy, despite a court order lifting the tutelage of the Iraqi Central Bank reported.
It is noted that the CBI did not raise guardianship for Warka Bank, despite the court’s decision, it is compatible with the reports of the committees set up by the Prime Minister, in addition to the company (kpmg) U.S., specialized accounts and internal reports of the Central Bank of Iraq, which unanimously agreed on the possibility of rehabilitation of the bank with an appropriate solution for it. / End / / 22
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