The central bank announced the imposition of fines against banks amounted to 400 billion dinars



11/12/2015 13:17 pm (Baghdad time)

BAGHDAD - scales News
The central bank, announced Thursday, all imposed fines against banks amounted to 400 billion dinars, noting that the majority of comments on monetary policy of the Bank are fallacies and spreading an atmosphere of pessimism and frustration.

The bank said in a statement received / scales News / copy of "The majority of comments on monetary policy of the Bank are 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 abort the rest of the functioning institutions in the state. "

The bank added that "the size of the inaccuracies and confusion was such that harms stability general stability of the market and the reputation of 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," stressing the need to "clarify what we have done Aladih business during the period. "

The Bank noted that "established during the years 2012- and 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", adding that "the number of such cases reached up to 97 suit belonging to banks and financial institutions and other dealers. "

He noted the bank, "it was the imposition of fines reached Akiemha up to 400 billion Iraqi dinars, including 40 banks," noting, "it was punishing 426 financial institution non-banking sanctions several, in addition to imposing trusteeship on four banks, one to liquidation extent arrived while the re rehabilitation of two other banks, in addition to the imposition of multiple fines reached Akiemha up to five billion Iraqi dinars in regards to other banking irregularities ".anthy 29 quarters e

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