Cautious Central approval to open remittance companies

2017-03-12 at 14:25

Baghdad scales news

The Iraqi Central Bank decided Sunday, wait to approve open remittance companies in Baghdad and the provinces.

The Bank said in a statement/balance news/copy, "based on the decision of the Board of Directors of the bank number 39 for 2017, it was decided to wait to grant approval of a plan to open branches for remittance companies in Baghdad and the provinces for the years 2017-2018.

The statement added that "the decision excluding companies that completed the requirements converted to Islamic banks."