CBI authorization to reduce the dollar exchange rate to enhance the value of the dinar

Iraqi Central Bank 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): Board of Directors took this bank many decisions to encourage banks Baghdad, credit and Mansour in the first phase and later include all licensed banks to open letters of credit and funded by the Central Bank of Iraq in accordance with the mechanism designed for this purpose, in addition to the continuation of these banks in the entry window sale of foreign currency.