Central Bank Decides to increase the share of dollar sales for banking companies and foreign transfers

Tuesday, 19 May 2015 - 16:07


Iraqi Central Bank decided, on Tuesday, increasing the share of dollar sales for banking companies and foreign transfers, while detecting and put measures in order to address the situation of some private banks, which suffers a shortage of liquidity.


The bank said in a statement briefed Radio tow a copy of it, that the Board of the Central Bank decided during a meeting held on Tuesday, increasing the share of dollar sales for banking companies and foreign transfers and reducing the length of time for the implementation of foreign remittances. "

The statement added that the bank also decided to put the necessary measures to remedy the situation of some private banks and experiencing a shortage of liquidity in order to ensure treatment of their positions. "

The Governor of the Central Bank on the Keywords announced in the third of the month of March that "the new regulations set by the Bank is that the auction is no longer a daily window for operations currency at the auction," adding that "new mechanisms developed to sell this currency, especially that of its functions to provide currency Foreign Trade ".

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Tuesday, May 19, 2015 15:51

Central Bank decides to launch an amount trillion dinars for private banks

 

BAGHDAD / Baghdadi News / .. The central bank decided on Tuesday to launch an amount trillion dinars for private banks.

A statement of the Central Bank received / Baghdadi News / copy of it, that "the Board of Directors decided to increase the share of dollar sales for banking companies and foreign transfers, and reduce the time period for the implementation of foreign remittances."

The statement added that "the Council stressed on the development of measures to address the situation of some private banks and experiencing a shortage of liquidity in order to ensure treatment of their positions."

He pointed to "the approval of the launch amount trillion dinars for private banks, for the purpose of financing small and medium enterprises loans to citizens and approve their own controls, as well as approval of instructions regulating the work of guaranteed bank loans companies."

It pointed to "direct economic expert Majid picture as a member of the Board of the Central Bank representatives from private banks, after obtaining the approvals it," .


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