Statement issued by the Central Bank of Iraq 11/14/2015
Statement issued by the Central Bank of Iraq
11/14/2015 0 Comments
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 fiscal and monetary sensitive issues because of their relevance to the country's economy and the interests of members of the society, addressed the non-specialists may lead to confusion among recipients and the impact on their decisions and their expectations, and we would like to show the following: -
1. We have characterized the majority of those statements 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.
2. with 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 harm the general stability and Astaqraralsouk 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.
3. In the 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:
The Central Bank set up 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 window and those relating to anti-money laundering issues. The number of such suits has reached the limits of (97) suit belonging to banks and other financial institutions and clients of customers have been many court rulings issued in this regard.
(B) it has been imposed fines reached Akiemha up to 400 billion Iraqi dinars, including 40 banks.
(C) has 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.
(D) has been imposed multiple fines have reached the limits of Akiemha (5) billion Iraqi dinars in regards to other banking irregularities.
Therefore we call on the Bank 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 that this bank is fully prepared 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. http://cabinet.iq/ArticleShow.aspx?ID=6595