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The Central Bank to Al-Iqtisad News: We have organized foreign trade and most goods are imported at the official price
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Added 12/01/2023 - 11:32 AM
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Central Bank of Iraq building
Central Bank of Iraq building
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The Central Bank of Iraq confirmed that some Iraqi banks are currently transferring dollars from their accounts in intermediary banks to their coffers and distributing them to their customers.
Assistant Director of the Investment Department at the Central Bank, Muhammad Yunus, told Al-Iqtisad News that some Iraqi banks are transferring the dollar from their accounts in intermediary banks to the bank’s treasury for the purpose of disbursing it to their customers.
He added that the step of transferring bank balances in the dollar currency will contribute to reducing the exchange rate of the parallel dollar
He stressed that the Central Bank does not allow banks to return remittances in the dollar currency
He pointed out that the Central Bank of Iraq regulated foreign trade, and most goods are imported at a price of 1,320 dinars, so their prices did not rise.
Views 45
Added 12/01/2023 - 11:32 AM
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