The Central Bank announces a package of measures regarding dealing in dollars
The Central Bank announces a package of measures regarding dealing in dollars
12-19-2022
Information / Baghdad..
The Central Bank announced, on Monday, a package of decisions related to dealing in the dollar currency, following the remarkable rise in the exchange rate.
The bank stated in a statement received by the / information / that “it was decided to allow the banks participating in the foreign currency buying and selling window to purchase any amounts in foreign currency and deposit them with this bank in accounts used for external transfer purposes, and interest / returns are paid for those balances according to what this bank decides.”
And he decided to “facilitate the financing of private sector trade through Iraqi banks and meet the demand for foreign transfers by strengthening the balances of banks with their correspondents in other currencies in addition to the US dollar (Chinese yuan, the euro, the Emirati dirham, the Jordanian dinar, and others).”
The procedures included “opening outlets for selling foreign currency in government banks to the public for the purposes of travel (treatment, Hajj Umrah, study, etc.)
He pointed to “reducing the selling price of the dollar to the beneficiary (the card holder) that he uses while traveling or paying his purchases via the Internet, to be at a price of (1465) dinars to the dollar instead of (1470) dinars to the dollar. The dollar will be sold to electronic payment companies for the above purpose at a price of (1455). dinars to the dollar instead of (1460) dinars to the dollar.
And the Central Bank considered that “this package of measures would improve the performance of transactions related to the dollar.”
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