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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


    Iraq announces the second package of facilities to obtain foreign currency

    Rocky
    Rocky
    Rocky
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    • Post n°1

    Iraq announces the second package of facilities to obtain foreign currency Empty Iraq announces the second package of facilities to obtain foreign currency

    Post by Rocky Wed 22 Feb 2023, 4:55 am

    [size=46]Iraq announces the second package of facilities to obtain foreign currency[/size]
    Economie
    12:03 - 2023-02-22
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    Today, Wednesday, the Central Bank of Iraq announced the second package of facilities to obtain foreign currency.

    In addition to what was announced in the first package of facilities provided by the Central Bank to stabilize exchange rates, the second package will include the following: 1- Financing foreign trade from China will be organized directly and in the Chinese yuan currency through two options

    .

    A) The first option: Reinforcing the balances of Iraqi banks that have accounts with Chinese banks in Chinese yuan b) The second

    option: Reinforcing the balances of Iraqi banks through the central bank accounts to the final beneficiary in Chinese yuan through our accounts with JPMorgan and the Development Bank of Singapore.

    2- Facilities for financial transfers to the United States and Europe will be provided by the same mechanism later.

    3- The documents required for submission for the aforementioned external financial transfers will be: a commercial list (invoice) only, or initial documentary credit, provided that the customer later provides the bank with proof of entry of the goods.

    4- Detailed instructions will be issued that include the aforementioned.

    5- Organizing financial settlements for agents of money transfer companies (Western Union and MoneyGram) through Class A exchange companies through an Iraqi bank with one settlement account for all those companies.

    6- Citizens can transfer the amounts allowed to be transferred up to a maximum of (7,500) dollars per month through the agents of money transfer companies (Western Union and Money Gram) at the official rate (1320) dinars / dollars, and the Central Bank strengthens the accounts of these agents through a window Buying and selling foreign currency.

    7- A table will be published containing the names of authorized agents and their locations, and citizens who wish to transfer personal amounts for various uses (such as family subsidies or simple commercial uses) will be able to go directly to these agents (banks, exchange companies, or any other entities licensed by the Central Bank or It will be licensed later), for transfer at an exchange rate of (1320) dinars / dollars.

    8- New uses will be added for the sale of cash dollars, which contributes to expanding the sale base for citizens to facilitate the payment of their obligations in US dollars, and in a manner that does not contradict our generalizations, and the directives issued by the government previously in this regard.

    9- Allowing government and private banks and exchange companies of categories A and B to expand outlets for selling dollar cash in any of their branches, provided that this is exclusively through the FITR platform, while notifying us of the need to increase and diversify the geographical distribution of these outlets.
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    Rocky
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    • Post n°2

    Iraq announces the second package of facilities to obtain foreign currency Empty The Central Bank of Iraq announces the second package of facilities to obtain foreign currency

    Post by Rocky Wed 22 Feb 2023, 5:25 am

    [size=45]The Central Bank of Iraq announces the second package of facilities to obtain foreign currency
    43 minutes ago[/size]

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    The Central Bank of Iraq announced, on Wednesday, the second package of facilities to obtain foreign currency.
    In addition to what was announced in the first package of facilities provided by the Central Bank to stabilize exchange rates, the second package will include the following: Financing foreign trade
    from China will be organized directly and in the Chinese yuan currency through two options:
    The first option: strengthening the balances of Iraqi banks that have accounts with Chinese banks in the Chinese yuan
    currency
    . Facilities for financial transfers to the United States and Europe will be provided by the same mechanism later
    – The documents required for submission for the aforementioned foreign remittances will be: a commercial list (invoice) only, or initial documentary credit, provided that the customer later provides the bank with proof of entry of the goods – detailed instructions will be issued that include the
    aforementioned
    The bank also announced the organization of financial settlements for agents of money transfer companies (Western Union and MoneyGram) through exchange companies category (A) through an Iraqi bank with one settlement account for all those companies.
    The bank indicated that “citizens can transfer the amounts allowed to be transferred up to a maximum of (7,500) dollars per month through the agents of money transfer companies (Western Union and Money Gram) at the official rate (1320) dinars / dollars, and the Central Bank is strengthening the accounts of these agents.” Through the foreign currency buying and selling window,” revealing that “a table will be published that includes the names of authorized agents and their locations, and citizens who wish to transfer personal amounts for various uses (such as family subsidies, or simple commercial uses) will be able to go directly to these agents (banks and companies). Exchange or any other entities licensed by the Central Bank or will be licensed later), for conversion at an exchange rate of (1320) dinars / dollars.
    Adding new uses for selling dollars
    And he added, “New uses will be added to selling cash dollars, which contributes to expanding the sale base for citizens to facilitate the payment of their obligations in US dollars, and in a manner that does not contradict our circulars, and the directives previously issued by the government in this regard.”
    And he announced “allowing government and private banks and exchange companies of categories (a) and (b) to expand outlets for selling dollar cash in any of their branches, provided that this is exclusively through the FITR platform, while notifying us of the need to increase and diversify the geographical distribution of these outlets.”
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