MoF limits dollar selling regulations
MoF limits dollar selling regulations
19 April 2013 23:15
Baghdad (AIN) –The Ministry of Finance instructed Rasheed Bank to sell the US dollar currency in exchange of Iraqi dinar through the Head Office of Rasheed Bank and its Shurja branch exclusively.
The Ministry of Finance reported in statement received by AIN on Thursday “The Acting Minister of Finance, Ali al-Shukri, instructed Rasheed Bank to sell the US dollar currency in exchange of Iraqi dinar for people in condition to bring their passports and traveling by an airplane tickets in order to reduce manipulating with USD price.”
“Banking experts assured that both Rasheed and Rafidain banks as well as other private sector banks are selling the USD currency for people without any regulations which allows some people to exploit this method to buy large amounts of dollar from banks according to the price of the Central Bank of Iraq and sell it to people for much higher prices,” the statement added. \END\
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