THE CENTRAL BANK CALLS ON BANKS AND FINANCIAL INSTITUTIONS NOT TO DEAL IN DOLLARS WITH FOUR COMPANIES
The Central Bank of Iraq on Monday called on all banks and financial institutions not to deal in dollars with four brokerage firms. The bank said in a statement received by Alsumaria News, a copy of it, that ‘the banks and financial institutions all not to deal in the currency of the US dollar with each of the Bara and the hour to mediate and buy foreign currencies authorized by the bank, knowing that the two companies are denied entry into the window of sale and purchase of foreign currencies.
The bank added that it is also “not to deal with Dubai Horizons and Verdun, which are located in the province of Irbil, which are not sanctioned by the Central Bank.” The Central Bank of Iraq was established as an independent bank under its law of March 6, 2004, as an independent body responsible for maintaining price stability and implementing monetary policy. It supervises 10 commercial banks, 26 private banks and 16 Islamic banks, as well as 19 foreign banks. 6 financial institutions and 31 financial transfer companies