Central Bank: A deposit guarantee company will be launched soon


The Central Bank of Iraq announced the imminent launch of a deposit insurance company after the completion of its establishment. He pointed out that this company will constitute a fundamental shift between depositors and banks.
“The establishment of a deposit guarantee company, which will be launched very soon, has been completed,” the bank’s governor said at the Financial Services and Investment Conference held by the General Secretariat of the Council of Ministers on Saturday, noting that “this company will constitute an important and fundamental shift between depositors and banks.”
He added that “the Central Bank began to oblige the government departments and institutions to settle salaries,” stressing that “a number of ministries have completed this step and follow the implementation in all ministries.”

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