Bank agreement to reduce the exchange rate of the dollar to 1180 dinars starting from Sunday
Bank agreement to reduce the exchange rate of the dollar to 1180 dinars starting from Sunday
07/19/2013 14:49
Iraqi central bank says that it comes in line with its policy to reduce the exchange rate of the U.S. dollar
BAGHDAD / obelisk: source confirmed the bank early Friday, the Association of Iraqi banks agreed with the Central Bank to reduce the dollar exchange rate cash to 1180 dinars as of Sunday, with the expectation that you responded to all banks for this initiative, he pointed out that this reduction would benefit great citizen.
A banking source said the “obelisk” “The Association of Iraqi private banks CBI took note of the fact that some private banks to reduce the cash dollar exchange rate to 1180 dinars as of next Sunday.”
The source added that “this is in line with the policy of the Central Bank of Iraq in reducing the exchange rate of the U.S. dollar, and a continuation of what was initiated by private banks in reducing the selling prices of the dollar, which has achieved remarkable results clearly in the markets.”
The source expected that all banks to respond to this gesture and sell at 1180 dinars to the dollar, and this in turn will significantly impact on exchange rates decline in the Iraqi market for the big benefit of the citizen and the movement of trade.
almasalah.com
