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[size=36]Association of Banks: Central Bank actions will contribute to the stability of the dollar exchange rate[/size]
Economie| 11:45 - 04/02/2023
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Baghdad - Mawazine News
The Iraqi Private Banks Association confirmed today, Saturday, that the package of new measures issued by the Central Bank of Iraq will contribute to the stability of the dollar exchange rate against the dinar.
And a statement by the Association, received by Mawazine News, said, "The Association of Iraqi Private Banks, through its members from the banks, supports government efforts and a package of new measures issued by the Central Bank of Iraq to facilitate international trade financing, which contributes to raising the value of the Iraqi dinar against the dollar, directly and gradually. Providing materials and goods in the local market.
The statement indicated, "The new package of measures issued by the Central Bank of Iraq, to facilitate the financing of international trade, and to organize its work in accordance with international requirements, will contribute to the stability of the exchange rate, and reduce the parallel market and illegal transfers."
And he continued, "Private banks are ready to implement all the instructions of the Central Bank, because they have the necessary infrastructure, and in compliance with the instructions by opening accounts and providing official documents for the import of goods, by the various categories, including companies and simple companies registered in the chambers of commerce, owners of laboratories, factories, agricultural and investment projects, in addition to To scientific offices and companies in the Kurdistan region.
The Association called on the business sector and merchants to “deal with banks directly by opening accounts, bank credits, and fundamental transfers, and taking advantage of the advantages and official exchange rates, without an intermediary or third party, or using unlicensed channels and exchange, as the transfer process will take place after verifying the fundamental requirements and verifying Lists of bans and penalties.
And she pointed out that "the banking sector is determined to implement this package of decisions in a smooth and easy way, simplify procedures within the controls and expand the network of dealing with merchants, especially through all branches in the governorates, in addition to intensifying awareness campaigns for the public on account opening mechanisms and external transfer controls." Ended 29/N33
The Iraqi Private Banks Association confirmed today, Saturday, that the package of new measures issued by the Central Bank of Iraq will contribute to the stability of the dollar exchange rate against the dinar.
And a statement by the Association, received by Mawazine News, said, "The Association of Iraqi Private Banks, through its members from the banks, supports government efforts and a package of new measures issued by the Central Bank of Iraq to facilitate international trade financing, which contributes to raising the value of the Iraqi dinar against the dollar, directly and gradually. Providing materials and goods in the local market.
The statement indicated, "The new package of measures issued by the Central Bank of Iraq, to facilitate the financing of international trade, and to organize its work in accordance with international requirements, will contribute to the stability of the exchange rate, and reduce the parallel market and illegal transfers."
And he continued, "Private banks are ready to implement all the instructions of the Central Bank, because they have the necessary infrastructure, and in compliance with the instructions by opening accounts and providing official documents for the import of goods, by the various categories, including companies and simple companies registered in the chambers of commerce, owners of laboratories, factories, agricultural and investment projects, in addition to To scientific offices and companies in the Kurdistan region.
The Association called on the business sector and merchants to “deal with banks directly by opening accounts, bank credits, and fundamental transfers, and taking advantage of the advantages and official exchange rates, without an intermediary or third party, or using unlicensed channels and exchange, as the transfer process will take place after verifying the fundamental requirements and verifying Lists of bans and penalties.
And she pointed out that "the banking sector is determined to implement this package of decisions in a smooth and easy way, simplify procedures within the controls and expand the network of dealing with merchants, especially through all branches in the governorates, in addition to intensifying awareness campaigns for the public on account opening mechanisms and external transfer controls." Ended 29/N33
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