WELCOME TO BONDLADYS CORNER...WE CARRY ON HER CUSTOM OF MAKING THIS SITE YOUR 24 HOUR A DAY IRAQ NEWS ARTICLE SOURCE

THANK YOU FOR YOUR CONTINUED SUPPORT OF OUR LADY.


You are not connected. Please login or register

Bond Ladys Corner » NEWS FROM IRAQ » Iraq General News, Economy & Oil News »  3 Iraqi banks sell Dollars for less than announced price

3 Iraqi banks sell Dollars for less than announced price

Go down  Message [Page 1 of 1]

Shredd

Shredd
CO-ADMINISTRATOR
CO-ADMINISTRATOR

[You must be registered and logged in to see this image.]3 Iraqi banks sell Dollars for less than announced price

14/06/2013 - 14:00
| Source:  [You must be registered and logged in to see this image.]
Business
14 views
Editor:    Ammar Al Ani  
[You must be registered and logged in to see this image.]


[You must be registered and logged in to see this image.]The Central Bank of Iraq announced on Thursday, June 13 that 3 banks are selling U.S. Dollars at a price lower than the announced one; considering that this would support the exchange rate of the Iraqi Dinar and make foreign Currencies available for the citizens. "Central Bank of Iraq's Governor took delivery today of an official letter from the banks' association pledging conformity with the initiative undertaken by three banks who sold Dollars for a price lower than the one announced. A Dollar was sold for 1183 Dinars instead of 1189 in cash and 1178 Dinars instead of 1184 for documentary credits ", said the bank in a press release of which Alsumaria got a copy. "This initiative aims to raise the price of the Iraqi Dinar and provide affordable foreign Currencies to citizens "considered the bank, who Applauded" the initiative considered to be the natural behavior of most banks in Iraq ". The Iraqi market witnessed in the past few days a gradual increase in Dollar exchange rates amounting to 1300 Dinars for 1 Dollar after it recorded a rate of 1180-1120 Dinars for a whole year. Iraqi central bank holds daily sessions to sell and buy foreign Currencies with the contribution of Iraqi banks who fund private sector traders, except for official holidays during which banks stop holding biddings. Sales are either in cash or in transfers sold abroad for a certain commission.

[You must be registered and logged in to see this link.]


_________________
"Do not wear yourself out to get rich" - Proverbs 23:4

Back to top  Message [Page 1 of 1]

Bond Ladys Corner » NEWS FROM IRAQ » Iraq General News, Economy & Oil News »  3 Iraqi banks sell Dollars for less than announced price

Permissions in this forum:
You cannot reply to topics in this forum