Central Bank agrees to cover bank accounts outside of Iraq to the dollar
Central Bank agrees to cover bank accounts outside of Iraq to the dollar
Sunday, February 1, 2015 13:58
Alsumaria News / Baghdad
announced that the Central Bank of Iraq, Sunday, agreed to cover bank accounts outside the country in dollars to cover imports, pointing to the formation of a committee to reconsider the restructuring benefits. The bank said in a statement released today, and received “Alsumaria News”, a copy him, he was “in line with our responsibilities in supporting the development and stimulate the Iraqi economy has been taking a number of decisions, including, approval to do to cover bank accounts abroad to the US dollar to cover imports of customers and for other purposes without the need for passage of a window sell the currency at the central bank,” he said, adding “It will take control over those processes within the mechanism simple and transparent.”
The bank said it “has approved the appointment of a representative of the private banks in the Board of the Central Bank, in addition to speed up the enactment of the Deposit Insurance Law.” The statement pointed out that “the recommendation to the government to accept the state’s institutions of instruments issued by private banks, and also taxes and fees receipt for the benefit of government, “explaining that” it was forming a committee to reconsider the structure of benefits, including expanding the credit and liquidity provision. ” The CBI is held daily for the sale and purchase of foreign currencies with the participation of Iraqi banks sessions, with the exception of public holidays in which the Bank will depend on these auctions, the sales either in cash or in the form of money orders sold out in exchange for a certain commission, while the banks financing the merchants in hard currency for imports.
alsumaria.tv
