BIS To Accept Additional Deposits From Iraq

The Central Bank of Iraq announced on Sunday that it has received a memo from the Bank of International Settlements (BIS) in Basel Switzerland announcing that it will accept more deposits from Iraq.

“This procedure will contribute in increasing Iraq’s money revenues after keeping it in a very secure location,” the Central Bank explained.

The BIS is an international organization for central banks aiming to strengthen monetary and financial cooperation worldwide.

(Source: Alsumaria)

One Response to BIS To Accept Additional Deposits From Iraq

  1. safdar 28th December 2013 at 19:48 #

    Very stange from the BIS to accept working with an illegal CBI administration.

    Nothing has changed concerning Abdel Basit Turki's status since mid Oct 2012, he is still the acting governor of the CBI and head of the Bureau of Supreme Audit.

    Basically he is in charge of the CBI and in charge of auditing it!! LOL!!!!