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The Central Bank announces the start of expanding coverage by entering the electronic platform
Economy 6-03-2023, 17:42
Baghdad – INA – Wissam Al-Mulla
The Central Bank announced, today, Monday, the
start of expanding inclusion in entering the electronic platform, and while indicating its
continuation in issuing positive steps to facilitate foreign trade financing, it
confirmed its communication with Chinese banks regarding dealing in the yuan currency.
The Deputy Governor of the Central Bank, Ammar Hamad Khalaf, said in a statement to the Iraqi News Agency (INA), that
"the central bank continues to follow the instructions previously issued to ensure the stability of the parallel exchange rate." He pointed out that
"a meeting was held with the banking sector, merchants and factory owners to confront and overcome challenges," noting that
"the Central Bank began expanding the channels and entities covered by entering the electronic platform." He explained,
"This is the first step, while continuing to issue positive steps to facilitate the financing of foreign trade or any sound official transfers abroad." He added,
"The measures taken can control the market," calling," He pointed out,
"The recent decisions of the Council of Ministers referred to dealing in dinars, so there is no justification for citizens to use foreign currency in local transactions."
Regarding dealing in the Ioan, Khalaf stated,
"There is continuous communication by the central bank with Chinese banks, in order to activate and allow merchants to transfer directly,
meaning that the central bank delivers the dinar through banks, and
the transfer is directly through the use of the Chinese currency, the yuan."
https://www.ina.iq/179894--.html
Economy 6-03-2023, 17:42
Baghdad – INA – Wissam Al-Mulla
The Central Bank announced, today, Monday, the
start of expanding inclusion in entering the electronic platform, and while indicating its
continuation in issuing positive steps to facilitate foreign trade financing, it
confirmed its communication with Chinese banks regarding dealing in the yuan currency.
The Deputy Governor of the Central Bank, Ammar Hamad Khalaf, said in a statement to the Iraqi News Agency (INA), that
"the central bank continues to follow the instructions previously issued to ensure the stability of the parallel exchange rate." He pointed out that
"a meeting was held with the banking sector, merchants and factory owners to confront and overcome challenges," noting that
"the Central Bank began expanding the channels and entities covered by entering the electronic platform." He explained,
"This is the first step, while continuing to issue positive steps to facilitate the financing of foreign trade or any sound official transfers abroad." He added,
"The measures taken can control the market," calling," He pointed out,
"The recent decisions of the Council of Ministers referred to dealing in dinars, so there is no justification for citizens to use foreign currency in local transactions."
Regarding dealing in the Ioan, Khalaf stated,
"There is continuous communication by the central bank with Chinese banks, in order to activate and allow merchants to transfer directly,
meaning that the central bank delivers the dinar through banks, and
the transfer is directly through the use of the Chinese currency, the yuan."
https://www.ina.iq/179894--.html
