Association of Banks: decision to reduce the period for deposit amounts will contribute to reduce the dollar exchange rate

Tuesday 16 June 2015
| 17:07



Said Association of private banks in Iraq, on Tuesday, the Iraqi Central Bank's recent decision to reduce the period for the deposit as well as the amounts considered as a normal Saturday business day for banks to meet the requests of foreign currency, will contribute Bkhvs dollar exchange rate, indicating that the association would support the resolution.

The head of the Association of the depositary of bitter melon in a statement received "Qurtas Enoz", a copy of the "The central bank is trying to support the Iraqi dinar and create suitable for the banking business and in cooperation with private banks as a team solidarity atmosphere," noting that "the recent decision Bzaadh auction business days and be considered on Saturday workdays unusual for banks to meet the requests of foreign currency, it came in tune with the banks to meet the need of foreign currency the dollar and facilitate the work of the banks. "

Handal said that "the decision to reduce the period of the other special deposit amounts from five to ten days will reduce the dollar exchange rate against the dinar and this is what Senlahza during the next few days, the association will support the decision to serve the public interest."

He had decided the central bank, on Tuesday, considered on Saturday in accordance with a regular, in response to the need for banks requests from currency starting from June 20 present also decided to reduce the filing period for amounts for feeding the external accounts of banks from ten days to five from the first of the month of July. " .

And it took the dollar exchange rate against the dinar to escalate until it reached to 1140 dinars, but the day of the auction through currency showed a decrease in the exchange rate to the borders of 1136 dinars.


http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=http://hathalyoum.net/668034.html&usg=ALkJrhhpjZ-rAFWarNCUC7jcyxVKz8Uh5w