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[size=35][size=35]Central Bank Governor comments on dollar exchange and foreign remittances[/size]
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2024-08-04 | 10:50
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Alsumaria News - Local
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Al-Alaq said in a statement received on the sidelines of his hosting in the House of Representatives, which I reviewed:[url=https://www.alsumaria.tv/entity/133473/%D8%A7%D9%84%D8%B3%D9%88%D9%85%D8%B1%D9%8A%D8%A9 %D9%86%D9%8A%D9%88%D8%B2/ar/]Alsumaria News[/url]"Our foreign currency reserves are sufficient to create balance in the market," he said, noting that "the Central Bank sells more than $250 million daily to meet foreign trade requirements."
He added, "85 percent of foreign transfers are currently taking place between Iraqi banks and correspondent banks without going through the US Federal Reserve," explaining that "the housing initiative is of great importance to the bank."
He pointed out that "the volume of loans granted within the real estate initiative amounts to 10 trillion dinars," explaining that "the Central Bank is now heading to cover the financing of the construction of 32 thousand housing units."
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2024-08-04 | 10:50
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Alsumaria News - Local
The Governor of the Central Bank, Ali Al-Alaq, spoke about the exchange of the dollar and foreign remittances.
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Al-Alaq said in a statement received on the sidelines of his hosting in the House of Representatives, which I reviewed:[url=https://www.alsumaria.tv/entity/133473/%D8%A7%D9%84%D8%B3%D9%88%D9%85%D8%B1%D9%8A%D8%A9 %D9%86%D9%8A%D9%88%D8%B2/ar/]Alsumaria News[/url]"Our foreign currency reserves are sufficient to create balance in the market," he said, noting that "the Central Bank sells more than $250 million daily to meet foreign trade requirements."
He added, "85 percent of foreign transfers are currently taking place between Iraqi banks and correspondent banks without going through the US Federal Reserve," explaining that "the housing initiative is of great importance to the bank."
He pointed out that "the volume of loans granted within the real estate initiative amounts to 10 trillion dinars," explaining that "the Central Bank is now heading to cover the financing of the construction of 32 thousand housing units."
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