Established in 2006 as a Community of Reality

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


Neno

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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


2 posters

    The Central Bank decides to collect cash deposits in Iraqi dinars

    Rocky
    Rocky
    Rocky
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    Posts : 280757
    Join date : 2012-12-21
    • Post n°1

    The Central Bank decides to collect cash deposits in Iraqi dinars Empty The Central Bank decides to collect cash deposits in Iraqi dinars

    Post by Rocky Sun 10 Sep 2023, 6:58 am

    [size=45]

    [size=41]The Central Bank decides to collect cash deposits in Iraqi dinars[/size]
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    Al-Hayat News:
    Today, the Central Bank of Iraq took “two urgent decisions” to strengthen the Iraqi dinar’s ability to trade in foreign currencies within the country.
    The Central Bank media stated in a statement received by Al-Hayat News that, “All cash insurances will be collected in the dinar currency exclusively for internal credits, bank guarantees, and letters of guarantee issued for the benefit of the beneficiary entities (governmental and private), even if they are in the dollar currency and at the official exchange rate.”
    He added, “It was decided that payment of the amounts of letters of guarantee upon confiscation will be made exclusively in the Iraqi dinar currency and at the official exchange rate.”
    According to the statement, the Iraqi Central Bank called on “all licensed banks to take the necessary measures in accordance with what was stated above.”


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    wciappetta
    wciappetta
    wciappetta
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    Posts : 5321
    Join date : 2012-12-20
    • Post n°2

    The Central Bank decides to collect cash deposits in Iraqi dinars Empty Re: The Central Bank decides to collect cash deposits in Iraqi dinars

    Post by wciappetta Sun 10 Sep 2023, 7:14 am

    Trying to handle the parallel market I suspect. Makes you wonder if this is a requirement to move forward. We will watch and see if this move brings down that black market rate.


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