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Shafaq News/ The Central Bank of Iraq launched, on Monday, a package of measures to improve the performance of dollar-related transactions, weeks after the rise in the exchange rate of the dollar against the Iraqi dinar.
In a statement received by Shafaq News agency, the bank said, "These measures would restore the foreign currency market to its normal state."
And the bank decided, “To allow the banks participating in the foreign currency buying and selling window to buy any amounts in foreign currency and deposit them with this bank in accounts used for external transfer purposes, and to pay interest / returns on those balances according to what this bank decides.”
The bank also decided, "Facilitating the financing of private sector trade through Iraqi banks and meeting the request for foreign transfers by strengthening the balances of banks with their correspondents in other currencies in addition to the US dollar (Chinese yuan, the euro, the UAE dirham, the Jordanian dinar, and others)."
And the bank announced, “Opening outlets for selling foreign currency in government banks to the public for the purposes of travel (treatment, Hajj Umrah, study, etc.)
The statement referred to "reducing the selling price of the dollar to the beneficiary (the card holder) that he uses while traveling or paying his purchases via the Internet, to be at a price of (1465) dinars to the dollar instead of (1470) dinars to the dollar. The dollar will be sold to electronic payment companies for the above purpose at a price of (1455). ) dinars to the dollar instead of (1460) dinars to the dollar.
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