New reduction to the selling price of the dollar

Posted: July 21, 2013 in Iraqi Dinar/Politics
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2 articles

07/21/2013 12:00 AM

announced the Association of private banks in Iraq for the determination of private banks to reduce the dollar exchange rate to 1180 instead of 1183.

said President of the Association Adnan Al-Chalabi (morning): The move comes as part of the pursuit of private banks to support the policy of the Central Bank of Iraq in achieving exchange rate stability.

adding that the bank Baghdad and Assyria, the first initiative to lower selling prices and will start Sunday sales depending on price new hope from other banks follow suit.

pointing out that the reduction process first adopted by most of the private banks have contributed to reduce the price of commercial sale and returned to natural prices. Chalabi pointed out that the stability of the exchange rate will lead to problems of all problems related to distressed debt and also make it easier for borrowers to pay premiums according to preliminary calculations. said at the conclusion of his statement that private banks working to strengthen the government steps in achieving sustainable economic development.


Bankers Association of the Central Bank of the fact that some banks to reduce the dollar exchange rate
July 20, 2013

Took the Association of Iraqi private banks, the central bank note of the fact that some private banks to reduce the cash dollar exchange rate to 1180 dinars.

An informed source said on Friday, said, “This reduction in the exchange rate will be effective from the next day on Sunday 21 July 2013.”

The Central Bank hold daily sessions for the sale and purchase of foreign currencies with the participation of Iraqi banks, with the exception of public holidays in which the Bank stops for these auctions, and sales can be either in cash, or in the form of remittances sold abroad for a certain commission.

Updated on July 20, 2013


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