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


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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    The Central Bank holds a meeting to discuss the repercussions and indicators of the rise in exchange

    Rocky
    Rocky
    Rocky
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    Join date : 2012-12-21
    • Post n°1

    The Central Bank holds a meeting to discuss the repercussions and indicators of the rise in exchange Empty The Central Bank holds a meeting to discuss the repercussions and indicators of the rise in exchange

    Post by Rocky Tue 27 Dec 2022, 5:55 am

    [size=41]The Central Bank holds a meeting to discuss the repercussions and indicators of the rise in exchange rates in the local markets[/size]

    [size=45][You must be registered and logged in to see this link.]two hours ago
    one minute    [/size]


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    Today, Tuesday, the Central Bank of Iraq issued recommendations to merchants and banks about exchange rates.
    And the media office of the bank stated, in a statement received by (Al-Oula News), that “the board of directors of the Central Bank of Iraq held a meeting and discussed the repercussions and indicators of the rise in exchange rates in the local markets and the temporary pressures that the foreign currency exchange rate has been exposed to for days, resulting from internal and external factors.”
    He added, "Given the adoption of mechanisms to protect the banking sector, customers and the financial system, as all foreign trade requirements (for the purposes of documentary credits or transfers) are fully covered by the official price (1465) dinars to the dollar for documentary credits and (1470) dinars to the dollar for transfers."
    The Central Bank called on merchants to review banks directly and not resort to brokers and speculators to avoid charging their imports with undue commissions and expenses, referring in this regard to what was issued by the Council of Ministers in its decision No. (351) for the year 2022 regarding non-payment of customs duties and amounts of tax secretariats in advance. This will reduce extra loops, ease procedures, and remove costs resulting from pre-demarcation problems.”
    And the Central Bank stressed, “Banks must assume their responsibilities in facilitating and expediting procedures for their customers to ensure their access to financing with the best banking practices and with the least amount of loops, taking into account the established legal requirements.”
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