ISX News
According to the CBI letter published today (Feb. 17, 2014), CBI will not ban any bank from FX auctions even if they didn’t reach IQD250bn paid-in capital
According to the CBI letter published today (Feb. 17, 2014), CBI will not ban any bank from FX auctions even if they didn’t reach IQD250bn paid-in capital, because all banks have showed a serious effort to increase their capital. This decision is excluding the banks that have been banned for other reasons. (Please note, CBI didn’t give a list of these bank in the letter. In addition,the target capital set by the CBI for private banks with a deadline of June-end 2013 was IQD250bn.)
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