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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


    The Central Bank of Iraq decides to restore the mechanism for financing Iraq's foreign trade, starti

    Rocky
    Rocky
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    The Central Bank of Iraq decides to restore the mechanism for financing Iraq's foreign trade, starti Empty The Central Bank of Iraq decides to restore the mechanism for financing Iraq's foreign trade, starti

    Post by Rocky Sun 28 Jan 2024, 7:48 am

    The Central Bank of Iraq decides to restore the mechanism for financing Iraq's foreign trade, starting next March


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    Logo of the Central Bank of Iraq

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    The Central Bank of Iraq decided to restore the mechanism for financing Iraq's foreign trade, starting next March.
    The Central Bank said in a letter addressed to the banks, which Al-Iqtisad News reviewed, that for the purpose of organizing financing operations for requests to enhance external balances, it was decided to implement the new requirements and mechanisms starting from March 1, 2024.
    He added that banks wishing to enhance their balance with correspondent banks in all currencies should appoint an external auditor for the purposes of reviewing transfers in advance of the process of sending transfers. Banks wishing to enhance the balance must provide us with information about the names of the companies they wish to contract with within a maximum period of February 29, 2024.
    He stressed that requests to strengthen the dollar are for banks that have correspondent accounts with an American bank exclusively, at a price of 1310.
    He stated that strengthening other currencies other than the dollar will accept applications at the banks of the currency country, provided that the classification of these banks is either the same as the country’s classification or only one rank lower than it, in a way that is consistent with Iraq’s import requirements from those countries.
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      Current date/time is Sun 13 Oct 2024, 1:54 am