The Iraqi Central Bank compensates banks and exchange companies that received their share of the dollar at a price higher than the specified prices
The Iraqi Central Bank compensates banks and exchange companies that received their share of the dollar at a price higher than the specified prices
2023-02-15 04:33
Shafaq News/ The Central Bank of Iraq announced that banks and exchange companies will be compensated with cash for receiving their weekly share at the old prices, after decreasing the dollar exchange rate.
The Central Bank said, in an official document issued by it and seen by Shafaq News agency, that it “decided to compensate the bank, exchange company, or mediator for buying and selling foreign currency, with the exchange rate difference of 150 dinars for each dollar of the weekly share that was received during the period from February 507, 2023 exclusively, and for the amounts (Part of the weekly currency) that was not sold during the aforementioned days and was sold during and after the date of February 8, 2023 at the new exchange rate of 1320 dinars to the dollar.
He added, “The decision requires that the bank or the company submit a statement that includes details of the amounts that were purchased in cash from the window during the mentioned period and were not sold during the mentioned days and were sold during and after the date of February 8 at the new exchange rate.”
It is noteworthy that the number of banks and exchange and mediation companies received their weekly share in light of the old price of 146 thousand dinars compared to 100 dollars at a time when the Central Bank reduced the value of the dollar to 131 thousand dinars compared to 100 dollars, which exposed these banks and companies to financial losses as a result.
shafaq.com
