VOL. XLVII

No 03

19-January-2004

IRAQ RECONSTRUCTION

Central Bank Of Iraq Receives License Applications From 15 Foreign Banks

Following its request that foreign banks wishing to operate in Iraq submit applications, the Central Bank of Iraq (CBI) has received responses from 15 banks and has shortlisted six of these, MEES understands. It expects to interview the six candidates and select around three or four of these in the first quarter. The banks would start operations in the second half of this...