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CBI Announcement 02/01/2015 Translation

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1 CBI Announcement 02/01/2015 Translation on Sun Feb 01, 2015 3:28 pm

tlm724

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" In line with the Central Bank of tasks and responsibility"
02/01/2015

Statement issued by the Central Bank of Iraq

In line with the Central Bank of tasks and responsibility in supporting the development of the Iraqi economy and stimulate bank took a number of decisions, including: -


1 - Approval of the appointment of a representative of the private banks in the Central Bank.

2 - Approval by the central bank to cover bank accounts abroad to the US dollar to cover imports of customers and for other purposes without the need to pass a window sell the currency at the CBI Bank and assume control over these operations within him a simplified and transparent with the development of the creation of capacities and capabilities plan to activate documentary credits instead of the current style and coordination with the banks.

3 - speed up legislation to ensure deposit law.

4 - the recommendation to the government to accept the state's institutions of instruments issued by private banks as well as the receipt of taxes and fees in favor of the government.

5 - to form a committee to reconsider the structure of benefits, including expanding the credit and liquidity provision.

CBI
Baghdad

02/01/2015

http://www.cbi.iq/documents/press%20for%201-2-2015.pdf


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