Thursday 22 February
The Central Bank of Iraq decided on Thursday to delay the opening of branches of financial transfer companies.
The bank said in a statement received, Alsumaria News, it was "decided to wait to grant approval to approve the plan to open branches of authorized transfer companies in Baghdad and the provinces during 2017-2018."
"The decision excludes companies that complete the requirements to convert them to Islamic banks," the bank said.
The Central Bank of Iraq was established as an independent bank under its law of 6 March 2004 as an independent body responsible for maintaining price stability and implementing monetary policy. It supervises 10 commercial banks, 26 private banks and 16 Islamic banks, as well as 19 foreign banks. 6 financial institutions and 31 financial transfer companies.