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Iraq Banks



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Central Bank of Iraq The Central Bank of Iraq (Arabic: البنك المركزي العراقي ) was established as Iraq's central bank by Central Bank of Iraq Law 2004 with authorised capital of 100 billion dinars. The current Governor of the Central Bank of Iraq is Sinan Al-Shibibi. The bank is in charge of:
  • maintaining inflation stability
  • implementing monetary policy (including exchange rate policies)
  • managing the state's reserves
  • issuing and managing the Iraqi dinar
  • regulating private banks.
As of December 2006, the bank reported total assets valued at over 33 trillion dinars (of which 59 per cent were Treasury Bills). The bank’s head office is located in Baghdad with four branches in Basrah, Mosul, Sulaimaniyah and Erbil. However, currently the bank does not control the financial and administrative affairs of Erbil and Sulaimaniyah branches, as these branches are technically reporting to the bank and for all other issues they are reporting to Kurdistan Regional Government (KRG) and they are financed by KRG.
Gulf Commercial Bank PICIC Commercial Bank Limited is based in Pakistan. Pakistan Industrial Credit and Investment Corporation (PICIC) acquired Gulf Commercial Bank Limited in early 2001. The bank has been renamed as PICIC Commercial Bank Limited.
Commercial Bank of Iraq  
Gulf Commercial Bank PICIC Commercial Bank Limited is based in Pakistan. Pakistan Industrial Credit and Investment Corporation (PICIC) acquired Gulf Commercial Bank Limited in early 2001. The bank has been renamed as PICIC Commercial Bank Limited.
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Above may be not an exhaustive list of banks in this country. Also, the information might be outdated or wrong.

Some of the information placed above may have been taken from:
Wikipedia
www.quazell.com/bank
www.business.com
www.yemensites.com
www.hivietnam.biz
www.banks.az
mbendi.co.za

Information from Wikipedia is available under the terms of the GNU Free Documentation License.





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