Arabic side of the CBI 8-29-2016

Gold bullion coins, which will be under selling on Tuesday, 30.08.2016 From this week the prices
08/29/2016

(Statement issued by the Central Bank of Iraq), commenting to the chest of opinions about the work of the sale of foreign currency window of the Iraqi Central Bank wishes to state follows
08/29/2016

To / licensed banks all (electronic form)
08/29/2016

http://www.cbi.iq/?pid=Home&lang=ar

Central Bank: Putting the sale of foreign currency window to ensure the stability of the dinar exchange

The news agency Buratha 30 2016-08-29

He attributed the CBI, put a window to sell foreign currency to ensure the stability of the Iraqi dinar.

According to a statement to inform the bank, "commenting to the chest of opinions about the work of selling foreign currency window of the Iraqi Central Bank wishes to state that the sale of the currency window is the way to ensure the stability of the dinar exchange rate over the meeting of the Iraqi economy requirements through foreign currency provision to cover the imports of the private sector goods and services. "

He also said the move "to meet the needs of citizens for the purposes of travel, medical treatment, and study outside Iraq, despite the absence of any allocations in the budget since 2003 and so far for this purpose."

The statement pointed out that "the central bank has worked to develop its procedures in this regard by encouraging banks to adopt the mechanism of opening letters of credit for the purposes of import instead of remittances style, reaching sales ratio manner credits to more than 70% of foreign currency sales."

He explained, "The Central Bank has set a key benchmark for the implementation of dollar selling operations to banks include their compliance with the rules of the fight against money laundering and terrorist financing, as well as the preparation and application of standards for the electronic system for window sale and purchase of foreign currency [remittances], and a greater role for the government to buy and sell the dollar and the development and auditing of banks sources of funds used for the purchase of the dollar from the sale of foreign currency window. "


http://burathanews.com/arabic/economic/299730