«Central»: 400 billion banking violation fines




The Central Bank imposed fines on the right banks amounted to 400 billion dinars, pointing out that most of the remarks on monetary policy of the Bank is characterized by fallacies and spreading an atmosphere of pessimism and frustration.

The Bank said in a statement that '' the majority of statements on monetary policy of the Bank is characterized by fallacies and spreading an atmosphere of pessimism and frustration because of lack of accurate understanding or for purposes not objective emanating from different motivations, connected with political reality and diatribes and spirit and bickering back and incitement for the purpose of aborting the remainder of companies operating in the State.

The Bank added that "the magnitude of falsehoods and confusion reached harm overall stability and market stability and Iraq's reputation externally, and the consequent serious effects on Iraq transactions and monetary and banking and the expectations of the clients and the reactions of investors and donors and others», stressing the need" to clarify what we have done during the past period. The Bank noted that «resided in 2012-2015 many cases have the competent Iraqi courts, banks and companies in violation of the instructions window selling foreign currency and money laundering issues, adding that "the number of such cases has reached the limits of 97 suit belonging to banks and other financial institutions and dealers» left bank that was fined akiamha reached the limits of 400 billion Iraqi dinar included 40 banks». He was punished "426 non-bank financial institution with several penalties, in addition to imposing a Trusteeship on four banks, one of which arrived to the point filter while rehabilitating other banks.

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