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[size=36]The Central Bank announces the start of expanding coverage by entering the electronic platform[/size]
Economy| 05:53 - 06/03/2023
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Baghdad - Mawazine News
Today, Monday, the Central Bank announced the start of expanding inclusion in entering the electronic platform, and while indicating its continuation in issuing positive steps to facilitate foreign trade financing, it confirmed its communication with Chinese banks regarding dealing in the yuan currency.
The deputy governor of the Central Bank, Ammar Hamad Khalaf, told the official agency, followed by Mawazine News, that "the Central Bank continues to follow up on previously issued instructions to ensure the stability of the parallel exchange rate."
He pointed out that "a meeting was held with the banking sector, merchants and factory owners to confront and overcome challenges," noting that "the Central Bank began expanding the channels and entities covered by entering the electronic platform."
He explained, "This is the first step, while continuing to issue positive steps to facilitate the financing of foreign trade or any sound official transfers abroad."
He added, "The measures taken can control the market," calling on "citizens and project owners to review the official channels to obtain foreign currency, as for merchants, there are great facilities for them from banks to finance their foreign trade instead of other methods."
He pointed out, "The recent decisions of the Council of Ministers referred to dealing in dinars, so there is no justification for citizens to use foreign currency in local transactions."
Regarding dealing in the Ioan, Khalaf stated, "There is continuous communication by the central bank with Chinese banks, in order to activate and allow merchants to transfer directly, meaning that the central bank delivers the dinar through banks, and the transfer is directly through the use of the Chinese currency, the yuan." Ended 29/M99
Today, Monday, the Central Bank announced the start of expanding inclusion in entering the electronic platform, and while indicating its continuation in issuing positive steps to facilitate foreign trade financing, it confirmed its communication with Chinese banks regarding dealing in the yuan currency.
The deputy governor of the Central Bank, Ammar Hamad Khalaf, told the official agency, followed by Mawazine News, that "the Central Bank continues to follow up on previously issued instructions to ensure the stability of the parallel exchange rate."
He pointed out that "a meeting was held with the banking sector, merchants and factory owners to confront and overcome challenges," noting that "the Central Bank began expanding the channels and entities covered by entering the electronic platform."
He explained, "This is the first step, while continuing to issue positive steps to facilitate the financing of foreign trade or any sound official transfers abroad."
He added, "The measures taken can control the market," calling on "citizens and project owners to review the official channels to obtain foreign currency, as for merchants, there are great facilities for them from banks to finance their foreign trade instead of other methods."
He pointed out, "The recent decisions of the Council of Ministers referred to dealing in dinars, so there is no justification for citizens to use foreign currency in local transactions."
Regarding dealing in the Ioan, Khalaf stated, "There is continuous communication by the central bank with Chinese banks, in order to activate and allow merchants to transfer directly, meaning that the central bank delivers the dinar through banks, and the transfer is directly through the use of the Chinese currency, the yuan." Ended 29/M99
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