[You must be registered and logged in to see this image.]
December 2, 2023[You must be registered and logged in to see this link.]
Baghdad/Al-Masala Al-Hadath: The Central Bank of Iraq revealed the results of the discussions of the joint Iraqi delegation in Turkey.
A Central Bank statement received by Al-Masala stated that the discussions conducted by a joint Iraqi delegation (the government, the Central Bank, the Association of Iraqi Private Banks, and the banking sector represented by a number of private banks) were completed in Istanbul and returned to Baghdad yesterday morning, and the discussions culminated in an agreement to make banking arrangements. Between Iraqi banks and their Turkish counterparts through intermediary banks, ensuring trade exchange for major merchants and importers, and making and paying transfers in the euro and Turkish lira currencies.
The agreement stressed the organization of commercial exchange for small merchants and retailers (dinar in exchange for euros or Turkish lira) under arrangements with combined transfers according to a commercial organization that guarantees the integrated cycle of the commercial process (depositing in dinars inside Iraq, paying in euros or lira in Turkey, shipping goods from Turkey to Iraq) and from This will facilitate the external transfer of thousands of Iraqi merchants and spare them from working through non-fundamental means.
He added that this comes in the context of regulating trade and foreign transfer in accordance with sound practices and standards and within the framework of the comprehensive plan pursued by the Central Bank to open multiple channels, outlets and currencies with the aim of preserving the stability of the financial system, protecting it from risks, and achieving general price stability by covering imports at the official price, which is Emphasized by controlling inflation rates.
[You must be registered and logged in to see this link.]