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Showing results for tags '500 dinar commission'.
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The Central Bank warns a UAE bank 08-26-2020 On Wednesday, the Central Bank of Iraq warned the "Abu Dhabi Islamic Bank" that contracts must be concluded with companies licensed by the bank, indicating that a commission will be imposed in the event of non-compliance. The Central Bank said in a statement that Alsumaria News received a copy of, that “based on the decision of the Board of Directors and taken in its session numbered at number five hundred and ninety-six after the thousand, it was decided to approve the granting of Abu Dhabi Islamic Bank a final and final deadline until 👉 December 31 of 2020 👈 to contract with companies Licensed by this bank. " He added, "Otherwise, a commission will be imposed on every movement that passes through the National Switch, at an amount of 👉 500 dinars 👈, which will be borne by your bank and not the customer." The Central Bank of Iraq was established as an independent bank under its law issued on the sixth of March of the year 2004, as an independent body, and it is responsible for maintaining price stability and implementing monetary policy, and supervises 10 commercial banks, 26 private banks, 16 Islamic banks, in addition to 19 foreign banks, as well. About 6 financial institutions and 31 money transfer companies. IMO - 500 dinars (42 cents), sounds a bit low - DWS112
