Rasheed Bank directs its branches to open documentary credits to public and private sector companies

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Rasheed Bank directs its branches to open documentary credits to public and private sector companies

Post  Admin on Mon Apr 03, 2017 7:31 pm


The Director General of Rasheed Bank, Rashad Khudair Wahid, extended the bank's branches to expand the opening of documentary credits to public and private sector companies.

"The process is the most effective way to settle international sales," he said.

"The seller is guaranteed the price of the goods and the buyer can receive the goods and through the correspondent banks of the Rashid Bank abroad according to the controls."

He pointed out that "the amounts of appropriations are transferred at the official price specified by the Central Bank of Iraq"

http://www.imn.iq/archives/142268

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