Enhancing confidence in the Iraqi dinar
Enhancing confidence in the Iraqi dinar
July 20, 2023
To enhance the ability of the Iraqi dinar against foreign currencies to circulate within the country, the following was decided:
1. Collection of all cash guarantees shall be in dinar currency exclusively for internal credits, bank guarantees and letters of guarantee issued to the benefit of the beneficiaries (governmental and private), even if they are in dollar currency and at the official exchange rate.
2. The payment of the sums of the letters of guarantee upon confiscation shall be exclusively in Iraqi dinars and at the official exchange rate.
We ask all authorized banks to take the necessary measures in accordance with the above
cbi.iq/news/view/2387
