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Tuesday, December 11,
 
 
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BAGHDAD ( Reuters)
The Central Bank of Iraq (CBE) announced on Tuesday that it would not be allowed to hold the post of director, assistant or shareholder of companies withdrawn from their licenses. 

In a statement received by Alsumaria News, the bank said in a statement that "for the purpose of upgrading the sector of companies to mediate the sale and purchase of foreign currencies and ensure that they are managed by competent people in accordance with the provisions of relevant laws, especially the AML / CFT law, it is prohibited to hold the position of director, Drawn in two cases. "

 


"The first case concerns companies that have withdrawn their leave because they violated the bank's instructions or the AML / CFT law," he said. 

"The second case concerns those who have been removed from office or sold their shares under a directive issued by this bank," the bank said.

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I have heard this rhetoric several times in the past  . This sure sounds like the end of the auctions . Don't forget that the CBI is privately owned ,along with many other foreign central banks . Also what is circumsized currency? can't even get a visual on this one 

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