International Development Bank Responds to US Treasury, Affirms Financial Strength and Depositor Security

dijlahpoint - The management of the International Development Bank for Investment and Finance issued an official statement regarding the decision issued against it by the US Treasury Department, affirming its categorical rejection of the incoming accusations and stressing the strength of its financial position and full commitment to protecting depositors' rights. The bank explained that it deals with the decision with the highest degrees of seriousness and transparency, noting its work under the supervision and control of the Central Bank of Iraq and according to approved compliance standards. The bank reassured its customers that this development relates to regulatory procedures and has nothing to do with the strength of its financial position or its ability to meet its obligations, stressing that depositors' funds are completely safe.