Association of Banks: Central Bank’s decision to reduce the deposit period will reduce the dollar exchange rate
Association of Banks: Central Bank’s decision to reduce the deposit period will reduce the dollar exchange rate
06/17/2015
BAGHDAD / JD / .. confirmed Association of private banks in Iraq that the Iraqi Central Bank’s recent decision and included reducing the period of the deposit for amounts as well as consideration on Saturday a regular working day to meet the banks requests from foreign currency will Bkhvs dollar exchange rate, indicating they would be supportive of the decision .
The head of the Association meek bitter melon in a written statement received / JD / copy of it: that the Central Bank of Iraq is trying through the procedures and mechanisms in place to support the Iraqi dinar and create suitable for the banking business and in cooperation with private banks as a team solidarity atmosphere, indicating that the recent decision Bzaadh days auction and to consider Saturday a regular working day to meet the banks requests from foreign currency, came in tune with meeting the banking needs of foreign dollar currency and facilitate the work of the banks.
He said Handal that the decision the other to reduce the period of deposit for amounts from ten days to five will contribute directly to the reduction in exchange rate the dollar against the dinar and this is what Senlahza during the next few days and that the Association would be supportive of the decision to serve the public interest.
The central bank has decided to consider on Saturday in accordance with a regular, in response to the need for banks requests from currency starting from June 20 present also decided to reduce the filing period for amounts own feed Foreign accounts of banks from five to ten days starting from the first of the next month of July. / End / 22 /
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