Open letters of credit will contribute to the stability of the exchange rate of the Iraqi dinar
MP Mayahi: encourage local banks to open letters of credit will contribute to the stability of the exchange rate of the Iraqi dinar
18-06-2013 11:32 AM
Baghdad (news) .. The member of the Finance Committee MP / National Alliance / AMEER Mayahi, the central bank to the need to encourage local banks, two branches of public and private open letters of credit money to contribute to strengthening the stability of the Iraqi dinar exchange rate against foreign currencies. said Mayahi (of the Agency news): The Iraqi dinar exchange rate witness decline continues against the U.S. dollar, and this requires the central bank to take the necessary steps and procedures necessary for the return rate of the dinar and maintain stability. added: that the promotion of private banks and government to open letters of credit finance is one of the important steps that contribute to the stability of the Iraqi dinar exchange rate, so it has to be from issuing certain controls allow local banks to open credit and financial guarantees. This has allowed the Central Bank of Iraq Rafidain and Rasheed Almmloctin the government to open letters of credit to facilitate the operations of foreign remittances. / End / 8.’s. m /
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