Governor of the Central Bank is being run on private banks , accompanied by a number of managers





07/11/2016 (0:01 pm) - The number of readings: 29 - Issue (3777)




Baghdad / term

Conducted a Governor of the Central Bank, on Sunday, a tour of the private banks, accompanied by a number of managers, to assess the work and remove the obstacles they face, while the Iraqi Central Bank decided to set up a subsidiary to manage its activities and functions in the Middle Euphrates region, the province of Najaf chose based, adding the branch is the fifth owned.

The bank said in a statement received "long", a copy of which, "The governor of the bank on the Keywords conducted a tour of the private banks, accompanied by a number of general managers."

The bank said that "the round came to see the work of these banks and the possibility of removing the obstacles facing their work."

He said the central bank's statement that "The Board of Directors decided to set up a branch to manage its activities and functions in the Middle Euphrates region, bringing the number of its branches five Baghdad, Basra, Mosul and Irbil, Sulaymaniyah and Euphrates," noting that "the Council chose Najaf, seat of the branch in the Middle Euphrates region."

He pointed out that "a delegation from the Central Bank of Iraq visited the province of Najaf and met with the governor to discuss the opening of the Central Bank of Iraq branch arrangements in the Middle Euphrates," adding that "members of the delegation explained the central bank functions of supervisory role in price stability and development, and the need to establish a branch of the Bank to exercise the roles and functions. "

The statement continued, "The governor praised this initiative and instructed to meet the requirements of the establishment of the branch and it carries to his duties."

And established an independent Iraqi Central Bank as a bank under a law issued on the sixth of March 2004, as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies are being daily sessions for buying and selling currencies.

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