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A statement from the Iraqi Private Banks Association regarding the rise in the dollar exchange rate
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Economy News - Baghdad
The Association of Iraqi Private Banks confirmed today, Tuesday, that the government and the Central Bank have taken several steps to limit the rise in the exchange rate of the dollar against the dinar.
The Association said in a statement, “The Association of Iraqi Private Banks and its member banks are monitoring the recent rise in the exchange rate and confirming that this rise is a result of modifying the mechanism of the foreign currency sale window in the Central Bank of Iraq and according to the requirements of international transactions, and that the Iraqi government has taken measures related to the way Collecting tax and customs fees at border crossings to encourage merchants to work directly with banks and prevent double taxation.
The statement added, "The Central Bank of Iraq has also taken several measures that will limit the rise in the exchange rate, and the Association affirms its support for government efforts and the efforts of the Central Bank, and confirms the readiness of its banks to sell foreign currency to merchants wishing to open documentary credits at the official price for import purposes, and invites merchants to benefit from that." ".
The Association stressed the need for "the media to play a positive role in raising awareness and to stay away from undocumented news that contributes to undermining confidence in the Iraqi currency, financial and monetary policies, and Iraqi banks."
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Added 12/27/2022 - 10:47 AM
Updated 12/27/2022 - 2:18 PM
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Economy News - Baghdad
The Association of Iraqi Private Banks confirmed today, Tuesday, that the government and the Central Bank have taken several steps to limit the rise in the exchange rate of the dollar against the dinar.
The Association said in a statement, “The Association of Iraqi Private Banks and its member banks are monitoring the recent rise in the exchange rate and confirming that this rise is a result of modifying the mechanism of the foreign currency sale window in the Central Bank of Iraq and according to the requirements of international transactions, and that the Iraqi government has taken measures related to the way Collecting tax and customs fees at border crossings to encourage merchants to work directly with banks and prevent double taxation.
The statement added, "The Central Bank of Iraq has also taken several measures that will limit the rise in the exchange rate, and the Association affirms its support for government efforts and the efforts of the Central Bank, and confirms the readiness of its banks to sell foreign currency to merchants wishing to open documentary credits at the official price for import purposes, and invites merchants to benefit from that." ".
The Association stressed the need for "the media to play a positive role in raising awareness and to stay away from undocumented news that contributes to undermining confidence in the Iraqi currency, financial and monetary policies, and Iraqi banks."
341 views
Added 12/27/2022 - 10:47 AM
Updated 12/27/2022 - 2:18 PM
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