Al-Rafidain: financing foreign trade and letters of credit at the official rate of the dollar
Al-Rafidain: financing foreign trade and letters of credit at the official rate of the dollar
2023-07-25 23:50
Shafaq News/ Al-Rafidain Bank announced, on Tuesday, the facilitation of all procedures related to the issuance of documentary credits and the implementation of external bank transfers to customers from merchants and commercial companies for the purposes of financing foreign trade through the electronic platform, at the official price of 1,320 dinars per dollar for commercial transfers, and at a price of 1,315 dinars per dollar for documentary credits.
In a statement today, the bank called on its customers wishing to cover all import operations to review its branches to open a bank account in the name of the company and according to the applicable instructions, in addition to attaching the documents required for foreign transfers.
According to the statement, among the transactions allowed in transfers, which are treatment outside Iraq, payment of tuition fees, transfers for fundamental transactions to buy real estate abroad, and transfers related to foreign investments in Iraq.
The bank confirmed in its statement that the customer must submit all the required priorities for these transfers.
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