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[size=36]The Iraqi Central Bank clarifies the fact that it traded credits in favor of Lebanese banks[/size]
Economy | 12:55 - 02/05/2020
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Baghdad - Mawazine News
, the Iraqi Central Bank issued, on Saturday, an explanation regarding what is being transferred from trading credits taking place in favor of Lebanese banks.
The bank said in a statement received by / Mawazine News / a copy of it: "These days, inaccurate news, data and figures are being circulated about the trading of credits taking place in favor of Lebanese banks, through the foreign currency sale window."
The statement added: "The Central Bank of Iraq would like to confirm that all the transferred amounts are in response to requests for imports for Iraqi companies. It has previously chosen the bank that opens the credit for the purpose of importing, knowing that the bank does not charge due to this process other than commission only."
He emphasized, that these sums are not transferred to Lebanon, but rather to the country of origin of the goods, and through the American Federal Bank, considering that the transfer is in US dollars, which means that there is no payment process in dollars in cash. ”Ended 6/29 n
, the Iraqi Central Bank issued, on Saturday, an explanation regarding what is being transferred from trading credits taking place in favor of Lebanese banks.
The bank said in a statement received by / Mawazine News / a copy of it: "These days, inaccurate news, data and figures are being circulated about the trading of credits taking place in favor of Lebanese banks, through the foreign currency sale window."
The statement added: "The Central Bank of Iraq would like to confirm that all the transferred amounts are in response to requests for imports for Iraqi companies. It has previously chosen the bank that opens the credit for the purpose of importing, knowing that the bank does not charge due to this process other than commission only."
He emphasized, that these sums are not transferred to Lebanon, but rather to the country of origin of the goods, and through the American Federal Bank, considering that the transfer is in US dollars, which means that there is no payment process in dollars in cash. ”Ended 6/29 n
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