Central Bank: measures to increase the dollar supply
Central Bank: measures to increase the dollar supply
12/24/2022
Baghdad – Mawazine News
Today, Saturday, the Central Bank of Iraq confirmed the assignment of 3 government banks to secure the dollar for the public, and while explaining the withdrawal mechanism, it indicated that it had allowed measures to increase the supply of foreign currency.
The Central Bank’s advisor, Ihsan Shamran al-Yasiri, said, “The Rafidain, Rasheed and Industrial banks were assigned as government banks to secure foreign currency for the public for various purposes, such as tourism, study, medicine, and others.”
He added, “It was agreed with the three banks to give Master and Visa card holders who have accounts in those banks the ability to fill them in dollars from 1-10000 at a price of 1470 to the public, while the dollar is sold to travelers at 1465.”
He added, “Card holders can use them outside Iraq to shop or withdraw money in the currency of the country to which they are traveling,” pointing out that “people who do not have a bank account and do not hold a card of any of the three banks, can open an account in it and issue the card, and then the customer fills in The amount he wishes to transfer is up to $10,000.
He pointed out that “these methods and procedures will contribute to increasing the supply of dollars, given that the bank will sell dollars in cash on a daily basis to banks and banking companies,” as well as “securing the needs of travelers to obtain dollars in a simple and cheaper way than the market,” explaining that “the process of granting dollars in cards Safe.” Ended 29/h
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