Central Bank cut its dollar exchange rate to enhance the value of the Iraqi dinar

Authorize the Governor of the Central Bank cut its dollar exchange rate to enhance the value of the Iraqi dinar

Date: 12/12/2012 11:33:15 Wednesday

Baghdad (news) .. decided CBI coverage a number of private banks Bmzadeh public for the sale of foreign currency and increase the share financial auction granted to exchange companies and authorize bank governor validity reduced dollar against the Iraqi dinar.
According to a statement of the bank received Agency (news) copy of it today Wednesday: Board of Directors took this bank many decisions to encourage banks Baghdad, credit and Mansour in the first phase and include later all banks licensed to open letters of credit and funded by the Central Bank of Iraq according to a mechanism designed for this purpose in addition to the continuation of these banks in the entry window sale of foreign currency. He pointed: to increase the share auction weekly and granted to exchange companies and money transfer is (100) thousand dollars to exchange companies who increased their capital and the requirements of the Iraqi Central Bank to actually (500) million and (150) thousand dollars for money transfer companies from increased their capital Prehistoric required by the Central Bank of Iraq (15) billion dinars and (125) thousand dollars for money transfer companies who increased their capital requirements, the CBI ten billion dinars. continued: As determined by authorized Iraqi Central Bank Governor validity reduce the sale price of the dollar and of (1179) dinars per dollar to enhance the value of the Iraqi dinar based on market demands. / end / b. PVC /

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