Iraq confiscates the money of one of the private banks and distributes it to this category
Economy , 2022/11/22 09:13, number of readings: 276
A member of the House of Representatives, nirmeen Maarouf, confirmed that the assets of Tigris and Euphrates bank will be distributed to depositors and institutions that hold funds in the bank. MP Maarouf said in a statement that
"in order to follow up the rights of citizens and institutions that have bank accounts with banks operating in the Kurdistan region and bankrupt, such as Tigris and Euphrates bank. I wrote to the central bank asking for clarification on its procedures with these banks," he said. She added,
"in response, the central bank clarified in writing 9/3/29374 on 16/11/2022 that after registering the applications of all account holders and depositors with the bank and later, the funds earned from the sale of the bank's property will be distributed to account holders and bank accounts under Article 92 of the Banking Law No. 94 of 2004".