economy| 11:45 – 04/02/2023
Baghdad – Mawazine News
The Association of Iraqi Private Banks confirmed on Saturday that the new package of measures issued by the Central Bank of Iraq will contribute to the stability of the exchange rate of the dollar against the dinar.
“The Association of Iraqi Private Banks, through its banking members, supports government efforts and the package of new measures issued by the Central Bank of Iraq to facilitate the financing of international trade, which contributes to raising the value of the Iraqi dinar against the dollar directly and gradually while providing materials and goods in the local market,” said in a statement received by Mawazine News.
The statement pointed out that “the new package of measures issued by the Central Bank of Iraq, to facilitate the financing of international trade and regulate its work in accordance with international requirements, will contribute to the stability of the exchange rate, and reduce the parallel market and illegal transfers.”
He continued, “Private banks are ready to implement all the instructions of the Central Bank, because they have the necessary infrastructure, and abide by the instructions by opening accounts and providing official documents for the import of goods, by various categories, including companies and simple companies registered in chambers of commerce, factory owners, factories, agricultural and investment projects, in addition to scientific offices and companies in the
The association called on the business sector and traders to “deal with banks directly by opening accounts, bank credits, asset transfers, taking advantage of the features and official exchange rates and without an intermediary or third party, or using unlicensed channels and exchange, as the transfer will take place after verifying fundamental requirements and verifying the lists of prohibitions and penalties.”
She pointed out that “the banking sector is determined to implement this package of decisions smoothly and easily, simplify procedures within the controls, expand the network of dealing with merchants, especially through all branches in the governorates, in addition to intensifying awareness campaigns for the public on account opening mechanisms and external transfer controls.” Finished 29/n33