Al-Rafidain directs its branches to adopt the official dollar exchange rate

Al-Rafidain directs its branches to adopt the official dollar exchange rate

12/28/2020 09:33:42

Al-Rafidain directs its branches to adopt the official dollar exchange rate{Baghdad: Al Furat News} Al-Rafidain Bank has directed all its branches in Baghdad and the provinces to adopt the new exchange rate of 1460 dollars.
The media office of the bank said in a statement that the Euphrates News received a copy of it that “based on the directives of the Central Bank of Iraq, it was decided to adopt the exchange rate of the dollar 1460 instead of the old price.”

The statement called on “all branches of the bank to adhere to the general directives regarding the dollar currency.”

It is noteworthy that the Iraqi Central Bank decided on 19 December to amend the dollar exchange rate, as follows:
1450 dinars per dollar, the price of buying foreign currency from the Ministry of Finance.
1460 dinars per dollar the selling price of foreign currency to banks.
1470 dinars per dollar is the selling price of foreign currency to the public.
The federal government attributes the decision to raise the exchange rate of the dollar to 1,450 dinars, after it was 1,190 dinars to fill the financial deficit that the state suffers from, which aroused the discontent of citizens as a result of the high prices in the local markets in general.

alforatnews.com