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Al-Rafidain: Collection of cash deposits, credits and guarantees in Iraqi dinars
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Economy News _ Baghdad
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Added 07/06/2023 - 9:40 AM
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Economy News _ Baghdad
Al-Rafidain Bank announced, today, Thursday, that cash deposits, credits, and guarantees have been collected in Iraqi dinars.
The media office of the bank stated, in a statement received by "Al-Iqtisad News", that "in line with government directives to deal in Iraqi dinars instead of the dollar and to enhance its strength in the local market, it was decided to fulfill all cash insurances in the Iraqi dinar currency exclusively with regard to internal credits, bank guarantees and letters of guarantee issued in the interest of the authorities." The government and private beneficiary, even if the insurance is in dollars and at the official exchange rate.
He added that "the payment of the sums of the letters of guarantee upon confiscation shall be exclusively in the Iraqi dinar and at the official exchange rate as well."
Views 29
Added 07/06/2023 - 9:40 AM
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