The central bank decides to allow money transfer companies to buy dollar directly
The central bank decides to allow money transfer companies to buy dollar directly
Date Published: 16:49, 31/05/2014
(Independent) … CBI has decided to allow the money transfer companies to buy dollar directly from the bank without the need “to center banks.
The central bank said in a statement received (Independent) said on Saturday that “the board of directors of the Central Bank decided at its meeting held on Saturday to allow the money transfer companies to buy dollar directly from the bank to cover the money orders and cash in accordance with the mechanisms that were announced without the need to center banks.”
The statement added that “an attempt Central Bank this would help stabilize the exchange rate of the dinar against the dollar as well as control over the circulation of the dollar in the Iraqi market and not to manipulate it through the process of money laundering and smuggling,” Mbinna that “this process will be among the mechanisms and procedures will be followed Bank will be applied during the current week. “(end)
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