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Baghdad – IQ
On Wednesday (December 23, 2020), the Central Bank directed all authorized banks to adjust the value of the dollar and any currencies that are evaluated on the basis of their relationship to the dollar in the financial records and banking activities.
The Central Bank issued a document received on the IQ NEWS website and stated, “Based on the decision of this bank issued under the book of the Financial Operations and Debt Management Department No. The value of the foreign currency (the dollar) and any currencies evaluated on the basis of its relationship to the dollar in the financial records and banking activities at the beginning of the business day 20/20/2020.
The document stated, “This comes to extract the difference between the costs of possession for that year and the current value of it after the change of the exchange rate and in line with the cost of obtaining it (1460) dinars to the dollar or any price according to which the dollar is obtained, and dealing with the difference is restricted in accordance with international standards for financial disclosure ( IFRS ) ‘.
The central bank had set on December 19, 2020, the selling price of the dollar, as it would be 1,450 dinars per dollar from the Ministry of Finance, 1,460 dinars per dollar for banks, and 1,470 dinars per dollar for the public.