CBI announces a number of community banks ready to sell the dollar at a lower price than the advertised price

Posted by on Oct 23, 2013 | Leave a Comment

Baghdad/Obelisk: Central Bank of Iraq, said Thursday, the willingness of a number of private banks selling dollars to the public at a lower price than advertised price up to 1183 dinars to the dollar instead of for sale cash dinar 1189, at a price of 1178 dinars to the dollar instead of 1184 for documentary credits.

The Bank said in a statement “the Obelisk” received “continue with the policy of the Central Bank of Iraq to support the Iraqi dinar exchange rate and currency accessible to citizens of Iraqi Central Bank Governor acknowledges receipt of a letter from the Association of banks to declare their commitment to the initiative of the three banks as the first phase of selling dollars to citizens at a lower price than advertised price.

The Bank said in a statement “the Obelisk”, a copy of the prepared for sale at a lower price than advertised price up to 1183 dinars to the dollar instead of 1189 dollars cash dinar, and the rate of the dinar-dollar 1,177 instead of 1184 dinars to the dollar for documentary credits “.

The statement added that “while the Central Bank of Iraq appreciates this initiative will find they represent the normal behavior of most banks in the stand with the trends of good monetary policy move by the Central Bank and banks to support the Iraqi economy and raising the efficiency of the financial instruments and cash used”.

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