#####CBI in process of allowing all Iraqi banks right to sell USD

Monday, 31 December, 2012


Stressed the Central Bank of Iraq, Monday, he was in the process of opening the door to get the right to sell the dollar for all Iraqi banks.

The governor of the Central Bank and Abdul Basit Turki Agency for “obelisk”, “The bank has decided to open the door to all banks for window sell the currency from the beginning of next year.”

Turki added, “This decision will reduce the effort on the citizen to go to currency outlets will reduce the momentum would also bring the principle of justice for all private banks wishing to deal selling the currency to citizens.”

Turki pointed out that “the bank will receive applications from private banks as of next Wednesday.”

And regulates the Iraqi Central Bank auction of five meetings weekly from Sunday to Thursday for the sale and purchase of foreign currency, and receive a cash commission on the sale and transfers of about 13 dinars per dollar



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Director of private banks: central bank will open the foreign currency auction tomorrow despite the closure of the financial accounts


Date: 01/01/2013 12:08:53 Tuesday



Baghdad (news) .. According to the Executive Director of the Association of private banks Abdul Aziz Hassoun, the central bank decided to open a public auction for the sale and purchase of foreign currency on Wednesday, despite the fact that this week is a period to re-close the financial accounts for the year (2012).

Hassoun said (of the Agency news): The new management of the Central Bank urges the application of the system in financial transactions by banks and importers to maintain the exchange rate of the dinar against the dollar in the local market.

He continued: So I decided not to close the auction for the sale of hard currency during the current week and Stfathh tomorrow so as not to market remains idle for a long time and a breach in the dollar exchange rate, although most of the financial institutions closed its financial accounts for the year (2012) during this week to begin calculations new the first month of the new year.

The Central Bank of Iraq on the eighth of December, the current, on the application of the plans to control the stability of the Iraqi currency in local markets and the amount of hard currency in circulation.

The central bank held the Iraqi weekly auction of five meetings start from Sunday to Thursday for the sale and purchase of foreign currency, and receive a cash commission on the sale and transfers of about 13 dinars per dollar.



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