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[size=35][size=35]The Central Bank issues guidance for borrowers[/size]
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01-14-2024 | 07:15
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It was stated in a bank document, followed by Al-Sumaria News, that “Based on the decision of the Board of Directors of this bank No. (6) for the year 2024, taken at its session numbered 1646 (six hundred and forty-six after one thousand), held on 1/2/2024, the following was decided:
1. Borrowers in foreign currencies from private and government banks are allowed to repay in Iraqi dinars and according to the official exchange rate determined by the Central Bank of Iraq, provided that this bank reinforces the banks’ accounts in dollars for the purposes of external transfer and at the official exchange rate according to their need for that, or to repay in the same borrowing currency. This decision applies to loans that were disbursed before 1/1/2024.
2. Banks are allowed to grant loans in foreign currencies to borrowers who have revenues in foreign currencies sufficient to repay the loan amount in the same currency.
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01-14-2024 | 07:15
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The Central Bank of Iraq decided to allow foreign currency borrowers from private and government banks to pay in Iraqi dinars and according to the official exchange rate.
[ltr]
0 seconds of 0 secondsVolume 0%
[/ltr]
It was stated in a bank document, followed by Al-Sumaria News, that “Based on the decision of the Board of Directors of this bank No. (6) for the year 2024, taken at its session numbered 1646 (six hundred and forty-six after one thousand), held on 1/2/2024, the following was decided:
1. Borrowers in foreign currencies from private and government banks are allowed to repay in Iraqi dinars and according to the official exchange rate determined by the Central Bank of Iraq, provided that this bank reinforces the banks’ accounts in dollars for the purposes of external transfer and at the official exchange rate according to their need for that, or to repay in the same borrowing currency. This decision applies to loans that were disbursed before 1/1/2024.
2. Banks are allowed to grant loans in foreign currencies to borrowers who have revenues in foreign currencies sufficient to repay the loan amount in the same currency.
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