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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

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    The Central Bank allows the opening of deposit accounts in dinars and dollars for exchange companies

    Rocky
    Rocky
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    companies - The Central Bank allows the opening of deposit accounts in dinars and dollars for exchange companies Empty The Central Bank allows the opening of deposit accounts in dinars and dollars for exchange companies

    Post by Rocky Mon 24 Jul 2023, 4:53 am

    The Central Bank allows the opening of deposit accounts in dinars and dollars for exchange companies "class A and B"

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    Economy News - Baghdad
    The Central Bank of Iraq decided, on Monday, to allow “class A and B” exchange companies to open deposit accounts with the bank in dinar and dollar currencies, and to participate in the currency buying and selling window.
    And according to a bank document obtained by Al-Iqtisad News, “In order to facilitate cash sales in US dollars for travelers, this bank decided to allow exchange companies of categories (A and B) wishing to open accounts with this bank in dinars and dollars for the purpose of participating in the window of buying and selling foreign currency according to the following controls:
    First: the deposit process
    1. The company submits a request to the accounting department of this bank to open an account in dinars and dollars, and its account will be in dinars for deposits and the dollar account for withdrawals exclusively, provided that it includes the names of the authorized persons.
    2. The amount of the dinar, which is equivalent to the cash share, is deposited weekly at the selling price (1310) dinars per dollar.
    3. The company will be provided with a book of checks prepared on its account, which will be opened with us, provided that withdrawals from the book are in sequence.
    Second: the withdrawal process
    1. The managing director or his assistant shall appear with one of his employees for the purpose of signing and fingerprinting in front of the Deposit, Exchange and Cash Division, where he is exclusively authorized to withdraw.
    2. The withdrawal of the dollar will be within two days from the date of sale, otherwise the sale of the cash share will be refused and the amount will be returned to the company’s account in dinars.
    3. After verifying the validity of the instrument by the two departments (accounting and internal auditing), the amount will be disbursed to the company.
    4. A request is sent to the accounting department before the paper book runs out, for the purpose of receiving another book of checks, with the necessity of handing over the stubs of the previous book for the purpose of receiving a new book.
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