The Central Bank withdraws the permission of a banking company
The Central Bank withdraws the permission of a banking company
The Central Bank of Iraq decided to withdraw the leave of the company Karam Friends to mediate the sale and purchase of foreign currency for violating the instructions regulating the work of companies mediating the sale and purchase of foreign currencies.
A document issued by the Central Bank addressed to the Ministry of Commerce and entitled "Withdrawal of leave", seen by "Economy News", that "based on the decision of the Board of Directors of the Central Bank No. 118 of 2017 in view of the violation of the company Karam friends to broker the sale and purchase of foreign currency provisions of regulation The work of companies to mediate the sale and purchase of foreign currency No. 8 of 2015 decided to withdraw the company's leave and the confiscation of the letter of guarantee and the cancellation of the certificate of incorporation.