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Al Janoub Islamic Bank announces the provision of a transfer service in UAE dirhams
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Economy News - Baghdad
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Added 12/17/2023 - 1:51 PM
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Al Janoub Islamic Bank
Al Janoub Islamic Bank
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Economy News - Baghdad
Al Janoub Islamic Bank announced the provision of a transfer service to the United Arab Emirates in the dirham currency.
The bank said in a post on its Facebook page that Al Janoub Islamic Bank provides direct foreign transfer service to the United Arab Emirates in the UAE dirham currency through the bank’s branches spread across Iraq.
He added that merchants, owners of reputable companies, and importers only have to deposit money in Iraqi dinars, after which the bank sends the transfer in dirhams within two days, using easy and safe procedures.
The bank said in a post on its Facebook page that Al Janoub Islamic Bank provides direct foreign transfer service to the United Arab Emirates in the UAE dirham currency through the bank’s branches spread across Iraq.
He added that merchants, owners of reputable companies, and importers only have to deposit money in Iraqi dinars, after which the bank sends the transfer in dirhams within two days, using easy and safe procedures.
The Central Bank of Iraq and First Abu Dhabi Bank agreed to finance trade and imports in the dirham currency.
The Central Bank stated in a press statement, “The Governor of the Central Bank, Ali Mohsen Al-Alaq, met in Dubai with the Chairman of the First Abu Dhabi Bank Group, Hana Al Rostamani, and during the meeting it was agreed to launch financial transfer operations between the two countries and finance trade and imports between Iraq and the United Arab Emirates in the currency.” Emirati dirham through First Abu Dhabi Bank.
He added that transfer operations in the Emirati dirham began today, and the first phase of this agreement will be with 5 Iraqi banks, which will be gradually increased, indicating that this step comes within the framework of enabling Iraqi banks to establish relationships with reputable international banks, and it aims to reduce dependence on the electronic platform for transfers. Finance and work in accordance with normal international practices adopted in enhancing Iraqi bank balances for the purposes of financing trade.
The Central Bank stated in a press statement, “The Governor of the Central Bank, Ali Mohsen Al-Alaq, met in Dubai with the Chairman of the First Abu Dhabi Bank Group, Hana Al Rostamani, and during the meeting it was agreed to launch financial transfer operations between the two countries and finance trade and imports between Iraq and the United Arab Emirates in the currency.” Emirati dirham through First Abu Dhabi Bank.
He added that transfer operations in the Emirati dirham began today, and the first phase of this agreement will be with 5 Iraqi banks, which will be gradually increased, indicating that this step comes within the framework of enabling Iraqi banks to establish relationships with reputable international banks, and it aims to reduce dependence on the electronic platform for transfers. Finance and work in accordance with normal international practices adopted in enhancing Iraqi bank balances for the purposes of financing trade.
Views 97
Added 12/17/2023 - 1:51 PM
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