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Al-Rafidain: Collection of cash deposits, credits and guarantees in Iraqi dinars
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09:31 2023-07-06 12 local 0
Al-Rafidain: Collection of cash deposits, credits and guarantees in Iraqi dinars
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09:31 2023-07-06 12 local 0
Al-Rafidain Bank announced, today, Thursday, that cash deposits, credits, and guarantees have been collected in Iraqi dinars.
And the bank’s media stated in a statement, “In line with government directives to deal in Iraqi dinars instead of dollars and to enhance its strength in the local market, Al-Rafidain Bank announces that all cash insurances will be fulfilled in the Iraqi dinar currency exclusively with regard to internal credits, bank guarantees and letters of guarantee issued in the interest of government and private beneficiaries.” Even if the insurance was in dollars and at the official exchange rate.
The bank indicated 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."
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And the bank’s media stated in a statement, “In line with government directives to deal in Iraqi dinars instead of dollars and to enhance its strength in the local market, Al-Rafidain Bank announces that all cash insurances will be fulfilled in the Iraqi dinar currency exclusively with regard to internal credits, bank guarantees and letters of guarantee issued in the interest of government and private beneficiaries.” Even if the insurance was in dollars and at the official exchange rate.
The bank indicated 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."
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