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[size=38]A permanent financial committee to address obstacles in the banking sector[/size]
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August 3, 2023[You must be registered and logged in to see this link.]
Baghdad / Obelisk Al-Hadath: Prime Minister Muhammad Shia Al-Sudani issued, on Thursday, a directive to all financial institutions regarding the exchange rate of the dollar.
Obelisk publishes the text of the statement:
Confirming the government’s approach to continuing the reform of the financial and banking sector, and to complement the efforts made by the regulatory agencies and financial institutions concerned with controlling transparency and integrity in this vital sector, the Prime Minister, Mr. Central Bank of Iraq No. 56 of 2004, which stated that the Central Bank of Iraq is the only body that has the authority to take all measures to regulate and monitor the work of banks and non-banking financial institutions to ensure their compliance.
The Association of Exchange Companies took the initiative to pledge to work seven days a week to sell foreign currency to citizens at the approved official rate, according to the regulations and instructions of the Central Bank.
In order to follow up the work of companies and banks, it was decided to form a permanent committee that includes representatives of; The Central Bank, the Office of the Prime Minister, and the Association of Exchange Companies, to address the obstacles in the work of this sector.
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Media Office of the Prime Minister
3-August-2023
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