urgent In the document.. the central bank decides to reduce the exchange rate of the dollar

• Time: 12/15/2022 13:58:43
• Read: 2,834 times

  {Economic: Al Furat News} The Central Bank of Iraq decided to reduce the exchange rate of the dollar against the dinar.

And according to a decision of the bank’s board of directors, which {Euphrates News} obtained a copy of, “and for the purpose of encouraging the public to finance its imports through documentary credits instead of transfers, the board of directors of the Central Bank met today, Thursday, and decided in its session to reduce the selling price of the dollar to the beneficiary {the bank’s customer} who is financing Imports by documentary credits to be 1465 dinars instead of 1470 dinars.

The decision pointed out that the bank “will sell to the bank (for the purposes of documentary credits) for 1455 dinars to the dollar instead of 1460 dinars.”

It is noteworthy that the decision of the Central Bank of Iraq comes with a rise in the exchange rates of the dollar in the local markets, as it exceeded 1,500 dinars, which reflected negatively on the prices of goods and services.

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