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[size=36]Al-Rafidain directs the collection of government contract insurances and amounts of letters of guarantee and credits in dinars[/size]
Economy| 04:05 - 05/20/2023
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Baghdad - Mawazine News
, Al-Rafidain Bank directed, on Saturday, to fulfill government contract insurances and amounts of letters of guarantee and credits in dinars.
The bank stated in a statement, which Mawazine News received a copy of, that, “Based on government directives and the instructions of the Central Bank of Iraq, Al-Rafidain Bank directed its branches to fulfill the insurances for all government contracts concluded in US dollars, including insurances or amounts of letters of guarantee, internal documentary credits, or bank guarantees.” , to be in Iraqi dinars instead of dollars and at the official exchange rate approved by the Central Bank of Iraq of 1,320 dinars per dollar.
The statement added, "This measure comes within the framework of achieving development and strengthening the value of the Iraqi dinar, by expanding the scope of its commercial uses and adopting the national currency at all levels." Ended 29 / H
, Al-Rafidain Bank directed, on Saturday, to fulfill government contract insurances and amounts of letters of guarantee and credits in dinars.
The bank stated in a statement, which Mawazine News received a copy of, that, “Based on government directives and the instructions of the Central Bank of Iraq, Al-Rafidain Bank directed its branches to fulfill the insurances for all government contracts concluded in US dollars, including insurances or amounts of letters of guarantee, internal documentary credits, or bank guarantees.” , to be in Iraqi dinars instead of dollars and at the official exchange rate approved by the Central Bank of Iraq of 1,320 dinars per dollar.
The statement added, "This measure comes within the framework of achieving development and strengthening the value of the Iraqi dinar, by expanding the scope of its commercial uses and adopting the national currency at all levels." Ended 29 / H
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