Iraqi state-owned banks suspend operations until the beginning of next year

 Iraqi state-owned banks suspend operations until the beginning of next year

Iraqi state-owned banks will begin their annual inventory and audit procedures this week, which will halt their operations until the beginning of next year.

An informed source told Shafaq News Agency that "this step comes to pave the way for settling accounting holds and preparing the statistics and

financial data for the past year," noting that "the work will include not promoting banking service requests and temporarily halting all banking activities during the inventory period, and this procedure is carried out annually."

The source confirmed that "banks will resume their normal operations and begin promoting banking transactions and services at the beginning of next year after completing the inventory and auditing procedures in accordance with the approved regulations  link