Banks the Association of: decision the Central Bank mitigates Deposit period will cut the dollar exchange rate

06/17/2015




BAGHDAD / JD / .. confirmed Association of private banks in Iraq that the Iraqi Central Bank's recent decision and included reducing the period of the deposit for amounts as well as consideration on Saturday a regular working day to meet the banks requests from foreign currency will Bkhvs dollar exchange rate, indicating they would be supportive of the decision .

The head of the Association of the depositary of bitter melon in a written statement received / JD / copy of it: that the Central Bank of Iraq is trying through the procedures and mechanisms in place to support the Iraqi dinar and create suitable for the banking business and in cooperation with private banks as a team solidarity atmosphere, indicating that the recent decision Bzaadh auction business days and considered On Saturday a regular working day 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 to facilitate the work of banks.

Handal said that the decision to reduce the period of the other special deposit amounts from ten days to five will contribute directly to the reduction of the dollar's exchange rate against the dinar and this is what Senlahza during the next few days and that the Association would be supportive of the decision to serve the public interest.

The central bank has decided to consider on Saturday in accordance with a regular, banks need to meet the demands of currency starting from June 20 also decided to reduce the current deposit period of the amounts for feeding the external accounts of banks from five to ten days starting from the first of the next month of July.


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