The central bank issued instructions to control the sale of the dollar and rely on another beneficiary got it

In: January 18, 2017 in: Economy


A source in the Iraqi Central Bank announced that it will depend on the other beneficiaries in the process of selling the dollar, unlike in the present time.

The source confirmed that the instructions issued by the Central Bank regarding the sale of foreign currency window aimed at controlling the sale of the dollar as well as the knowledge source cashed stressing that for it has been relying on the documents provided by private banks which show sales of foreign currency and the recipients, adding that the central bank banks demanded to prove who is the Last beneficiary got a dollar so he can contact him at random and ensure obtaining the required currency in order to fight against corruption and financial market currency manipulators

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The central bank seeks to control the sale of the dollar and the reliance on the latest beneficiary got it





A source at the Central Bank of Iraq, on Wednesday, that the bank will depend on the other beneficiaries in the process of selling the dollar, unlike in the present time, as explained that the instructions issued regarding currency aim sale "to control the sale of the dollar window and find out the source of exchange," he noted The new regulations require private banks to provide documentation showing where its sales of dollars and names of recipients.

The source said that "the instructions issued by the central bank about the currency goal of selling control of dollar selling window as well as knowledge of the source of the dollar," stressing that "it is for that relied on documents provided by private banks which show sales of the dollar and the recipients."

The source explained that "previously relied window sell the currency on the bills dealers offered to banks, who in turn submit them to the Central Bank of Iromon be obtained on the dollar, which, according to the Central Bank of the mostly not true," adding that "the bank wants the banks to prove who is the another beneficiary received on the dollar until the central bank can contact him at random and making sure picking on the currency. "




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