IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 17 Feb 2011 | Removal date: open ended
Still in force

FDI: Treatment and operations, nes

According to numerous and consistent reports, the government of Laurent Gbagbo nationalized four banks as of 17 February 2011. The government justified its action on the grounds of unlawful closure of the nationalized institutes. According to Ivorian law, banks must announce holidays three months in advance. A period which the four banks are accused to have missed.
 
The four institutes are the Ivorian subsidiaries Citigroup, BNP Paribas, Societé Generale and Standard Chartered.

AFFECTED COUNTRIES

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