November 12, 2015 0
Iraqi Central Bank revealed that Gramath violation banks reached 400 billion dinars, among the statements that the Special action the central bank did not some of them is accurate and objective and that most of them linked to political reality and harassment.
The bank said in a statement of our economy received a copy of it, that the Central Bank of Iraq feel that decent public need clarification about what Taatdolh some media for monetary policy, procedures and events its own, and displayed documents issued by him after cutting them out of context or reasons of adoption .. At a time characterized by by fiscal and monetary sensitive issues because of their relevance to the country's economy and the interests of the community, the ingested non-specialists may lead to confusion among recipients and the impact on their decisions and their expectations.
The statement added that the majority of those statements was characterized by fallacies and spreading an atmosphere of pessimism and frustration, either because of the absence of an accurate understanding or for the purposes of non-objective emanating from different motives, some linked to political reality and the bickering and recrimination, and the spirit of incitement for the purpose of aborting the rest of the functioning institutions in the state, as well as that Some proposals would be acceptable to the public and raise their questions and reservations when stripped of context, or viewed from one angle.
The statement continued that the central bank's policy is to distance from the debates and reactions to the statements and rhetoric, and not to disclose the reasons and justifications for some of its procedures in line with the nature of the roles and the texts of law, particularly with regard to banking secrecy, but the size of the inaccuracies and confusion was such that harms the public stability and the stability of the market and reputation Iraq externally, and the consequent serious implications for Iraq financial, monetary and banking transactions and the expectations and reactions of dealers with investors, donors and others.
The statement stressed that in light of what has been asked of documents and information concerning violations of some banks and companies in the sale of foreign currency window, and try to suggest to the public Karim not to take any action that the bank in this regard, we would like to clarify the following
First set up a central bank during the period 2012 - 2015 many of the cases to the competent Iraqi courts on banks and companies contrary to the instructions selling foreign currency in force and those relating to anti-money laundering issues, the number of those suits up was (97) suit belonging to banks and other financial institutions and clients of Many customers of judicial decisions has been issued in this regard.
Second has been the imposition of fines reached Akiemha up to 400 billion Iraqi dinars, including 40 banks.
Thirdly been punished (426) financial institution non-banking sanctions (fines, alarm, alarm, deprivation from the sale of currency window) and the withdrawal of permits and licenses for some of them with the imposition of trusteeship on four of the banks reached one of them to the filter end while the rehabilitation of other banks.
Fourth was imposed several fines have reached the limits of Akiemha (5) billion Iraqi dinars in regards to other banking irregularities.
The request of the Central Bank in its statement of everyone to exercise responsibility and credibility and to look at things and processed professional and objective perspective to serve the interest both locally and internationally, and the central bank is ready to inform the interested ordered the bank and the issues referred to brief them on the ground and documentaries, and our doors are open for this purpose.
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