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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    The Central Bank clarifies: These are the factors for the “simple” rise in the dollar exchange rate

    Rocky
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    • Post n°1

    The Central Bank clarifies: These are the factors for the “simple” rise in the dollar exchange rate Empty The Central Bank clarifies: These are the factors for the “simple” rise in the dollar exchange rate

    Post by Rocky Thu 15 Dec 2022, 7:33 am

    The Central Bank clarifies: These are the factors for the “simple” rise in the dollar exchange rate

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    Economy News - Baghdad
    On Thursday, the Central Bank issued an explanation regarding the rise in the exchange rate of the dollar, indicating that the rise is due to several factors, including the building of an electronic platform through which banks raise the requests of their customers.
    The Central Bank said in a statement, “The slight rise witnessed by the exchange rate of the dollar in the local markets during the previous days is due to some factors, including building an electronic platform through which banks raise the requests of their customers,” noting that “it began months ago to build that platform in coordination with international bodies.” For the purpose of ruling and regulating the operations of the buying and selling window of foreign currency and ensuring effective control over it, as a specialized international company was commissioned to build it and link banks with the central bank through it.
    He added, "The platform requires providing information about customers requesting transfers, beneficiaries, correspondent banks, etc.," explaining that "due to the recent use of this platform, many errors are being discovered, which requires the bank to re-upload it, and these procedures take additional time to accept the request and pass it through the system." global financial.
    He stressed, "The reserves and financial solvency of the state in general are in excellent condition and at their best levels in decades," pointing out that "the current supply of foreign currency is not linked to resources, but rather to administrative and audit procedures, which will be bypassed in the coming days in addition to that."
    He pointed out that he had taken a number of measures to expand the supply of foreign exchange to meet the public's demand for the cash dollar, stressing that he directed the window management to meet the requests of banks for the coming days faster by executing double requests. .

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    Added 12/15/2022 - 2:48 PM
    Updated 12/15/2022 - 4:30 PM
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