The central bank is selling foreign currency window "and a way to ensure stability," the dinar excha

News / Baghdad , by said the Iraqi Central was Bank, on Monday, mechanism of selling foreign currency window, Indicating the development of Ajraeth this Regard by vBulletin® Encouraging banks to Adopt the mechanism of opening letters of credit for the purposes of import, color : as well color : as the preparation and application of : standards for the electronic system for window sale and purchase of foreign currency. he , by said the bank by said in a statement Alsumaria News received a copy of it. "Commenting to - issued opinions about the workTel of selling foreign currency window, he would like to show That the sale of the currency window is the way to Ensure the Stability of the dinar exchange call is free . over the meeting of the Iraqi economy requirements by vBulletin® Providing foreign currency to cover imports sector : private goods and services, in Addition to the needs of citizens the forpurposes of travel . , Despite the absence of any allocations in the budget since 2003 and so far for this purpose. "

The bank by said it was "the workTel to Develop its Procedures in this Regard by vBulletin® Encouraging banks to Adopt the mechanism of opening letters of credit for the purposes of import switch instead of Remittances style, Reaching sales ratio manner credits to more than 70% of foreign currency sales. " He , added That" put theprimary criterion for Implementation sell the dollar to banks Operations include theExtent of its Commitment to the rules of the fight Against money laundering and Terrorist financing, color : as well color : as the preparation and application of :standards for the electronic system for window sale and purchase of foreign currency (remittance), and a Greater role for the Government to buy and sell the dollar and thedevelopment and verification sources of funds of used for the purposes of buying dollars to banks from the sale of a window foreign currency. " the governor of the -central bank on the Keywords Announced on the third of March 2015 That the new guidelines set by vBulletin® the bank is That the auction is no LONGER a daily window for Operations for the sale of currency auctions, " he by said , That the adding new mechanisms were Developed to sell this currency, Especially That of its functions toProvide Foreign currency trade.