The Central Bank is in the process of settling all the assets of its branches in Arbil and Sulaymaniyah

The Central Bank of Iraq announced on Thursday the settlement of all the assets of its branches in Erbil and Sulaymaniyah, indicating that credit balances arose when the two branches were linked to the Ministry of Finance in the region.

The bank said in a statement that it was "in the process of settling a new batch of assets of open banks in the branches of the Central Bank / Erbil and Sulaymaniyah, which arose from their cash deposits, while the settlement of amounts originating in the sukuk.

"The bank added that "based on the efforts made by the Central Bank of Iraq and the Kurdistan Regional Government, has been in 2017 and 2018 pay large amounts in dinars and dollars to open banks accounts in the branch of the Central Bank / Erbil to settle its credit balances in the branch.

The bank said it was "in the process of distributing new amounts to settle all the funds that were deposited in cash, while later settling the balances that arose over the deposit of the sukuk, although most banks had accepted these instruments contrary to the guidance of the territorial government and branches of the bank / Erbil and Sulaymaniyah.

""Credits arose when the two branches were linked to the Ministry of Finance in the region," the bank said.It is noteworthy that the Central Bank of Iraq had cut its relations with the sub-Erbil and Sulaymaniyah, during the past years because they were linked to the Ministry of Finance of the Kurdistan region

as well as the occurrence of some administrative and financial matters that did not live for the Central Bank, and the Central Bank has six branches (Baghdad, Basra, Mosul, Erbil and Sulaymaniyah And the Middle Euphrates).

Announcement of ICD601 Auction Results (for the sale of Islamic certificates of deposit)

Central Bank approved on 15 / 10 / 2018 An auction ICD601 for the sale of certificates of deposit for Islamic futures ( 182 ) days and $ ( 100 ) billion dinars ( a hundred billion dinars) were sold certificates amounting to ( 25 ) billion dinars , and a flat rate and the highest rate of return ( 2% ) , And the number of participants ( 2 ) Bank has won the amounts provided.

The return of more than 500 million dinars to the state treasury

Baghdad / News:
The Court of Investigation of integrity in the resumption of Karkh, the return of the amount of 549 million dinars to the state treasury on the pretext of processing the Ministry of Electricity devices detect explosives.

A statement issued by the Media Center of the Supreme Judicial Council received by the ‘news’, that the Court of Investigation of Integrity considered a case concerning the processing of the Ministry of Electricity detection devices explosives ‘, pointing out that’ the Court during the investigation took legal action against the Director Commissioner of the company equipped devices that contravened the specifications agreed upon The amount was returned to the ministry ‘.

The statement added that the investigations were in accordance with the provisions of Article 456 of the Iraqi Penal Code.