FRANK26: "SUDANI & THE CBI DEFEND THE MONETARY REFORM", 18 DEC

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FRANK26: "SUDANI & THE CBI DEFEND THE MONETARY REFORM"........F26

The Central Bank of Iraq warns against fake companies for trading and investment

December 16, 2024

The Central Bank of Iraq warns the public of the existence of fictitious electronic stock trading companies claiming to be licensed by the bank. The bank states that it does not grant a license to companies trading in (stocks, metals and cryptocurrencies), noting that it has taken all legal measures against such fictitious companies.
 

It confirms that some pages and posts on social media have circulated the names of fictitious companies that exploit the name of the Central Bank and claim that they are official Iraqi trading companies licensed by it for the purpose of investing and trading in digital currencies, stocks, gold and oil by broadcasting fictitious videos and posts, and profits are withdrawn through wallets or delivered to people according to their claims, noting that these companies claim to have branches in the governorates of Kirkuk, Mosul, Erbil and Sulaymaniyah.

It stresses the need for victims of these fictitious companies to take legal action against them and inform the relevant authorities of this.
The Central Bank called on the public, before carrying out any transfer operation, to review the names of non-banking financial institutions licensed by it and published on its official website at the following link (https://cbi.iq/page/25).

Central Bank of Iraq
Media Office
December 16, 2024
 

https://cbi.iq/news/view/2737