VOL. XLVII
No 19
10-May-2004
IRAQ RECONSTRUCTION
Iraq Requests Applications For Foreign Bank Permits/Licenses
The Central Bank of Iraq (CBI) has issued a request for applications from foreign banks seeking permits or licenses to operate in Iraq. A foreign banking license will provide the foreign bank with authorization to operate in Iraq via the acquisition of more than 50% of an existing Iraqi bank, or the establishment of a Green Field or de novo subsidiary of the foreign bank in Iraq, according...
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