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The central bank decides to increase the bank's cash quota to $ 300,000 per week
| Tuesday 8 May |
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The Central Bank of Iraq , on Tuesday, the increase in the cash share of banks to 300 thousand dollars per week.
The bank said in a statement received by Alsumaria News, a copy of it, "On the occasion of the holy month of Ramadan decided to increase the monetary share of banks to 300 thousand dollars a week instead of 270 thousand dollars."
He added that "the exchange companies were increased to 130 thousand dollars a week instead of 100 thousand dollars," noting that "it was also decided to sell $ 300 thousand dollars a week to the transfer companies in cash."
The Central Bank of Iraq was established as an independent bank under its law of 6 March 2004 as an independent body responsible for maintaining price stability and implementing monetary policy. It supervises 10 commercial banks, 26 private banks and 16 Islamic banks, as well as 19 foreign banks. 6 financial institutions and 31 financial transfer companies.
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