CBI doubles quotas remittance companies and foreign currency banking at a bank auction

BankIraq BAGHDAD / obelisk: a reliable financial source revealed, Wednesday, that the central bank will double during the next two days, the share of money transfer companies and foreign currency banking.



The source told "obelisk" that "is heading the Central Bank of Iraq to double the quota of companies financial and banking transformation of foreign currency weakness," adding that "the application of this directive will be during the next two days, and will include doubling companies are committed to the instructions of the bank."



The Iraqi market has witnessed a major upheaval for weeks in the price of the U.S. dollar against the Iraqi dinar as the sale price of one dollar to 1280 dinars.



The Central Bank of Iraq, issued Sunday the 24 March, new regulations for the sale and purchase of foreign currency, whereby the share weekly for the banks to sell cash dollar four million dollars is subject to increase and decrease, while the share of money transfer companies $ 150 thousand for companies that their capital 45 billion dinars , and 100 thousand dollars for companies with capital of less than that.





It showed FAQ regarding companies broker for buying and selling currencies that share the weekly 50 thousand dollars to companies with a capital of 500 million dollars, and 25 thousand dollars for companies less than that, and buying and selling a foreign currency for the money transfer companies and companies broker for buying and selling foreign currency through banks approved in Iraq.


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CBI doubles the stakes companies conversion of foreign currency


April 4, 2013 10:59 AM


Reliable financial source revealed yesterday that the central bank will double during the next two days share money transfer companies and foreign currency banking.

The source told "obelisk": "head of the Central Bank to double the quota of companies financial and banking transformation of foreign currency weakness," adding that "the application of this directive will be during the next two days, and will include doubling companies are committed to the instructions of the bank."

The Iraqi market has seen weeks ago a major upheaval in the price of the U.S. dollar against the Iraqi dinar as the sale price of one dollar to 1280 dinars.


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Financial expert: doubling the share of money transfer companies of foreign currency will increase the exchange rate of the dinar
04-04-2013 11:35 AM


Baghdad (news) .. Expected financial expert on behalf of Hadi al-Tamimi, increase the exchange rate of the dinar against the dollar over the coming period after the measures taken by the central bank on doubling the share of money transfer companies in hard currency.

Tamimi said (of the Agency news): The central bank will not remain silent in front of declines taking place in the exchange rate of the Iraqi dinar, but he would take the necessary measures for the return of the normal price.

He added: that the central bank's decision to increase the share of private companies to transfer hard currency will dramatically increase the stability of the value of the dinar on condition monitoring operations so as not to occur money laundering or something like that
The news indicated: that the central bank will double during the next two days, the share of money transfer companies and foreign currency banking.

The Iraqi market has witnessed a major upheaval for weeks in the price of the U.S. dollar against the Iraqi dinar as the sale price of one dollar to 1280 dinars.
The Central Bank of Iraq, issued Sunday the 24 March, new regulations for the sale and purchase of foreign currency, whereby the share weekly for the banks to sell cash dollar four million dollars is subject to increase and decrease, while the share of money transfer companies $ 150 thousand for companies that their capital 45 billion dinars , and 100 thousand dollars for companies with capital of less than that.

It showed FAQ regarding companies broker for buying and selling currencies that share the weekly 50 thousand dollars to companies with a capital of 500 million dollars, and 25 thousand dollars for companies less than that, and buying and selling a foreign currency for the money transfer companies and companies broker for buying and selling foreign currency through banks approved in Iraq.


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