The Central Bank cancels the condition of appointment of the Director-General of Brokerage Companies

The Central Bank of Iraq, on Tuesday, the abolition of the requirement of appointing the director of the intermediary companies.
The bank said in a brief statement that "based on the decision of the Board of Directors of this bank No." 114 "for the year 2018, it was decided to cancel the condition of owning shares in the company for the purpose of appointing the authorized director of companies to mediate the sale and purchase of foreign currency.
It is noteworthy that the Central Bank issued a circular in November 2017 refers to the possibility of assigning the Director Commissioner and his assistant by the company until the completion of the procedures of their appointment and granted final approval by the Central Bank.

Article Credit: https://www.alliraqnews.com/
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