Bankers Association of the Central Bank of the fact that some banks to reduce the dollar exchange rate

Bankers Association of the Central Bank of the fact that some banks to reduce the dollar exchange rate

7.21.13

Took the Association of Iraqi private banks, the central bank note of the fact that some private banks to reduce the cash dollar exchange rate to 1180 dinars.

An informed source said on Friday, said, “This reduction in the exchange rate will be effective from the next day on Sunday 21 July 2013.”

The Central Bank hold daily sessions for the sale and purchase of foreign currencies with the participation of Iraqi banks, with the exception of public holidays in which the Bank stops for these auctions, and sales can be either in cash, or in the form of remittances sold abroad for a certain commission.

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