The formation of an Audit Committee information received from the Trade Bank of Iraq

Date: Thursday, 16.08.2012 7:00


 Baghdad / term
Council of Ministers decided to form a committee to audit the information received from the Iraqi Trade Bank on borrowers, as agreed to authorize the Minister on the validity of transfers between the allocations of annual project that does not introduce any new project. He said government spokesman Ali al-Dabbagh said in a press statement the Council of Ministers



Decided during its meeting of 36 to form a committee to audit the information received from the Bank of Iraq Trade and reservation benefits borrowers Almovin their obligations to the bank, and demand from ministries, check their accounts with the Bank in 2005 and so far negatively or positively, and not to make requests to open the LC with JP Morqan in London. "
Dabbagh said that "this committee to be chaired by the President of Supreme Audit and the membership of representatives of the Central Bank and the Secretariat of the Council of Ministers and the Ministries of Finance and Trade."
The Trade Bank of Iraq is an Iraqi bank to a government was established in July of 2003 with a capital of U.S. $ 100 million and was raise capital from profits accumulated in 2008 to half a trillion dinars and will raise capital trillion Iraqi dinars.
Dabbagh said that "the Council agreed to authorize the Minister on the validity of transfers between the allocations of annual project that does not entail the development of a new project within the costs Total project in the event exceeded annual allocations for the projects. "

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