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The Central Bank is in the process of establishing a "syndicate" bank to finance private sector trade

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Rocky


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The Central Bank is in the process of establishing a "syndicate" bank to finance private sector trade


27 Oct 2017


The Central Bank of Iraq is establishing a commercial finance bank for the private sector, with the participation of both official and civil banks.

A source familiar with the prime minister said in a press statement: "The Central Bank of Iraq is currently a project involving the reconstruction of a foreign trade finance institution related to the private sector, the establishment of the so-called (the bank aggregate)."

He explained: "This project involves all banks, whether governmental or private, which is similar to the Iraqi Bank for Trade (TBI), but it finances the trade exchange of the private sector."

The source added: "The subject is currently under study by the official authorities with the concerned, and is an advanced stage in the private sector trade and contributes to controlling the levels of currency."


http://www.thebaghdadpost.com/ar/story/73802/%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D8%A8%D8%B5%D8%AF%D8%AF-%D8%AA%D8%A3%D8%B3%D9%8A%D8%B3-%D8%A8%D9%86%D9%83-%D8%AA%D8%AC%D9%85%D9%8A%D8%B9%D9%8A-%D9%84%D8%AA%D9%85%D9%88%D9%8A%D9%84-%D8%AA%D8%AC%D8%A7%D8%B1%D8%A9-%D8%A7%D9%84%D9%82%D8%B7%D8%A7%D8%B9-%D8%A7%D9%84%D8%AE%D8%A7%D8%B5

Rocky


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The source added: "The subject is currently under study by the official authorities with the concerned, and is an advanced stage in the private sector trade and contributes to controlling the levels of currency."

tlm724

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Rocky can you please confirm the date for this. It is showing October, thanks


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Rocky


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Yes tim the date is correct 27 Oct 2017 10:10

bad news its kinda old, good news, I preformed a oct search and couldn't find the article

I missed the date

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