CBI To Shut Down All Iraqi Non-Compliant Banks.

[Luigi1]

Luigi found this article of Dinarian interests...

On Iraqi TV.   Boots on the ground.

It's a long read but well worth the read.

CBI clamps down on all non-compliant Iraqi banks.

CBI gives deadline for banks to comply to performance & obligations.

Could some big event be in planning for early 2022?

Treat as a rumor.  Not varafied.  Your opine.

 

 

NRT TV

The CBI announced, on Wednesday, the suspension of all operations & activities of non-compliant banks.
A statement by the bank, which NRT Arabic received today (12/29/2021), stated that “the Board of Directors of the CBI hosted, during its session on 12/29/2021, the president of the Association of Iraqi Private Banks & his two deputies.”
The statement added, “The Governor of the CBI, Mustafa Ghaleb, presented the conditions of the banking sector in light of the reform plan adopted by the CBI in early 2021 to reform the sector & the directions of the Board of Directors to take corrective administrative measures for the purpose of compliance by some banks with controls & instructions before proceeding with legal procedures against them.”
He explained, “The meeting supported this approach to ensure that banks improve their financial conditions & avoid the effects resulting from their negative performance & its reflection on the reputation of the banking sector, despite granting them sufficient periods to improve their conditions & perform their obligations.”
He pointed out that “the Council decided to stop all banking operations & activities of these banks, while giving them a deadline of three months to improve their performance & secure the necessary liquidity to fulfill their obligations & increase their capital to the required limits.”

[screwball]

3 hours ago, Luigi1 said:

Luigi found this article of Dinarian interests...

On Iraqi TV.   Boots on the ground.

It's a long read but well worth the read.

CBI clamps down on all non-compliant Iraqi banks.

CBI gives deadline for banks to comply to performance & obligations.

Could some big event be in planning for early 2022?

Treat as a rumor.  Not varafied.  Your opine.

 

 

NRT TV

The CBI announced, on Wednesday, the suspension of all operations & activities of non-compliant banks.
A statement by the bank, which NRT Arabic received today (12/29/2021), stated that “the Board of Directors of the CBI hosted, during its session on 12/29/2021, the president of the Association of Iraqi Private Banks & his two deputies.”
The statement added, “The Governor of the CBI, Mustafa Ghaleb, presented the conditions of the banking sector in light of the reform plan adopted by the CBI in early 2021 to reform the sector & the directions of the Board of Directors to take corrective administrative measures for the purpose of compliance by some banks with controls & instructions before proceeding with legal procedures against them.”
He explained, “The meeting supported this approach to ensure that banks improve their financial conditions & avoid the effects resulting from their negative performance & its reflection on the reputation of the banking sector, despite granting them sufficient periods to improve their conditions & perform their obligations.”
He pointed out that “the Council decided to stop all banking operations & activities of these banks, while giving them a deadline of three months to improve their performance & secure the necessary liquidity to fulfill their obligations & increase their capital to the required limits.”

big step before RV

[rvmydinar]

3 hours ago, screwball said:

big step before RV

Hope you are right screwball. I"ll keep a close eye on the first quarter of 2022.

[Luigi1]

here's another article related to the above...

 

12-30-2021   Intel Guru Frank26   

[Iraq boots-on-the-ground TV report] 

FIREFLY:  News saying today getting Iraq cleared of Chapter VII will enable Iraq to spend on the private sector and really have a positive impact on the economy and grow to a stable level never seen before.  FRANK:  That's tangible to the articles that we're reading...Remember what I told you, Chapter VII equals your currency to float internationally...

[fioranosportscars]

 

[ronscarpa]

 It's a fact, not a rumor - Here's the link to the actual article...RON 

 

LINK:  https://www.nrttv.com/ar/detail3/6996

 

[Luigi1]

15 minutes ago, ronscarpa said:

 It's a fact, not a rumor - Here's the link to the actual article...RON 

 

LINK:  https://www.nrttv.com/ar/detail3/6996

 

 

Thanks.  If it's from 'boots on the ground' article, I take it as a rumor until such time it has been verified.