The Association of Private Banks announces its support for the Central Bank's measures to raise the value of the dinar
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Economy News-Baghdad
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Added 02/04/2023 - 11:41 AM
Updated 02/04/2023 - 2:27 PM
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Economy News-Baghdad
The Association of Iraqi Private Banks announced, on Saturday, its support for government efforts and the new package of measures issued by the Central Bank of Iraq to facilitate financing international trade, which contributes to raising the value of the Iraqi dinar against the dollar, directly and gradually, and with the provision of materials and goods in the local market.
The association stated in a statement that "the new package of measures issued by the Central Bank of Iraq, to facilitate the financing of international trade, and to organize its work in accordance with international requirements, will contribute to the stability of the exchange rate, and reduce the parallel market and illegal transfers."
She added, "Private banks are ready to implement all the instructions of the Central Bank, because they have the necessary infrastructure, and in compliance with the instructions by opening accounts and providing official documents for the import of goods, by various groups, including companies and simple companies registered in the chambers of commerce, owners of laboratories, factories, agricultural and investment projects, in addition to Scientific offices and companies in the Kurdistan region.
The Association of Banks called on the business sector and merchants to deal with banks directly by opening accounts, bank credits, and fundamental transfers, and benefiting from the advantages and official exchange rates, without a mediator or a third party, or using unlicensed channels and exchange, as the transfer process will take place after verifying the fundamental requirements and verifying Lists of bans and penalties.
And she added, "The banking sector is determined to implement this package of decisions in a smooth and easy way, simplify procedures within the controls, and expand the network of dealing with merchants, especially through all branches in the governorates, in addition to intensifying awareness campaigns for the public on the mechanisms of opening the account and the controls of external transfer."
Views 115
Added 02/04/2023 - 11:41 AM
Updated 02/04/2023 - 2:27 PM
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