Central Bank announces the launch of a deposit guarantee company soon



02/12/2017 12:29 | Number of readings: 349


Trend Press / Baghdad



The Central Bank of Iraq announced the imminent launch of a deposit guarantee company after the completion of its establishment. He pointed out that this company will constitute a major shift between depositors and banks.



"The establishment of a deposit insurance company, which will be launched very soon, has been completed," the bank's governor Ali Al-Aalak said at the Financial Services and Investment Conference, which is being held by the General Secretariat of the Council of Ministers. And banks.



He added that "the Central Bank began to oblige the government departments and institutions to settle salaries," stressing that "a number of ministries have completed this step and follow up its application in all ministries."

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