Bankers' Association announces its commitment to sell the dollar at a rate lower than the stated

Bank announced on Thursday, for receiving a formal letter from the Association of Banks commitment includes three banks as a first stage to sell the dollar to the public at a lower price than advertised.

The bank said in a statement received / Baghdadi News / copy of it, that "the governor Abdul Basit Turki received a formal letter from the Association of Banks includes a commitment solemnly announced previously on the initiative of three banks as a first stage to sell the dollar to the public at a lower price than advertised to reach / 1183 / JD to the dollar instead of / 1189 / dinars to the dollar (cash), "stressing that" the sale price of documentary credits will be / 1178 / dinars to the dollar instead of / 1184 / dinars to the dollar. "

He added that "the central bank for the initiative and said it represents a natural behavior that show him most of our banks to stand with the trends of monetary policy is good that we walk upon," expressing "concern the Bank and the banks to support the Iraqi economy 

and raising the efficiency of financial instruments and cash used." End / 21