Board of Directors of the Central Bank governor granted authority to reduce the sale price of the dollar
The Board of Directors of the Central Bank of Iraq empower the Governor of the Bank to reduce the sale price of the dollar and of / 1179 / dinars to the dollar / enhance the value of the Iraqi dinar based on market demands.
The statement added the central bank, “said the council also decided to increase the share of the weekly auction and given to the exchange companies and money transfer who increased their capital by the bank’s requirements.”
He explained, “The increase in the share auction weekly and granted to the exchange companies and the conversion was b (100) thousand dollars to exchange companies who increased their capital and the requirements of the Central Bank of Iraq (500) million., But the money transfer companies (150) thousand dollars, who increased capital Prehistoric funds required from the Central Bank (15) billion dinars, as well as (125) thousand dollars for money transfer companies who increased capital Amolha according to the requirements of the bank (10) billion dinars. “
The bank decided to encourage banks (Baghdad, credit, Mansour) in the first phase and include later all banks licensed to open letters of credit and financing by the central bank according to the mechanism designed for this purpose in addition to the continuation of these banks in the entry window sale of foreign currency / currency auction