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Central banks need to meet with the advisory bodies and contractors for the purposes of the organization

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Rocky


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Central banks need to meet with the advisory bodies and contractors for the purposes of the organization


Wednesday, 23 August 2017 13:46

Alsumaria News / Baghdad

needful central bank, Wednesday, banks and transfer to meet with the advisory bodies and contractors for the purposes of the organization.

The bank said in a statement Alsumaria News received a copy of it that " in order to improve and achieve transparency in the work of Iraqi banks with advisory bodies and the interest of the work it is doing the bank to contract with any advisory body outside the bank to provide advisory services to him , he is entitled to the Central Bank of the meeting with the advisory body State whether before or after the operation. "

" The aim is to organizational matters for the purposes of discussion, review and determine the points to be shed light on them and see the state of rudiments or reports required by the Bank , " noting that "in accordance with the provisions of Article 53 of the Iraqi Banking Act No. 94 of 2004 comes."

The Central Bank of Iraq was established as a bank under a separate law issued on the sixth of March 2004, an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies are sessions daily for buying and selling currencies.


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