Three banks sell the dollar at a rate lower than the price stated

	06/13/2013 - 17:01		| Source:
		[ltr]Economy and Business[/ltr]	1662 Show
	Editor: Ammar al-Ani

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		[ltr]Alsumaria News / Baghdad Iraqi Central Bank announced on Thursday, all three banks for sale at a minimum price of $ Advertised price, considering that it came in the framework of supporting the Iraqi dinar exchange rate and the provision of foreign currencies is the facilitator of the citizens. The bank said in a statement issued today, and received "Alsumaria News", a copy of "central bank governor received, today, a formal letter from the Association of Banks, includes a commitment to the announcement earlier initiative by three banks as a first stage to sell the dollar to the public at lower price announced up to 1183 dinars to the dollar instead of 1189 for cash, and 1178 dinars to the dollar instead of the 1184 documentary credits. " He said the bank "that came in the framework of supporting the Iraqi dinar exchange rate and the provision of foreign currencies facilitator of citizens," praising "This initiative, which represents the natural behavior which show most of the country's banks." And saw the Iraqi market, during the past few days, a gradual rise in the dollar exchange rate reached to 1,300 dinars per dollar, after having settled on the exchange rate from 1180 to 1200 dinars to the dollar for more than a year. It is noteworthy that the Iraqi Central Bank hold daily sessions for the sale and purchase of foreign currencies with the participation of Iraqi banks, which finances the traders from the private sector, excluding public holidays on which depends the World Bank for these auctions, the sales either in cash or in the form of money orders sold abroad for a commission certain.[/ltr] http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sl=ar&tl=en&u=http://www.4.hathalyoum.net/iraqnews.php%3Faction%3Dsit%26cd%3D2%26sid%3D229351&usg=ALkJrhi5MJo9XUEWacwoO-LK8Kdw2-vsbA

[ltr]Central Bank announces the readiness of a number of private banks to sell dollars at less than Advertised price[/ltr]
[ltr]Fri, 14 Jun 2013 time: 7:58[/ltr]
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Agencies:
Declared the Iraqi Central Bank, on Thursday, the readiness of a number of private banks sell dollars to the public at lower price advertised up to 1183 dinars to the dollar instead of 1189 dinars for sale cash, and at 1178 dinars to the dollar instead of 1184 dinars for documentary credits.


The statement said the bank had received "obelisk" a copy of "continue with the policy of the Iraqi Central Bank in supporting the Iraqi dinar exchange rate, and to provide currency is the facilitator of the citizens received Iraqi Central Bank Governor received a letter from the Association of Banks announced its commitment to a formal initiative three banks as a first stage to sell the dollar citizens at a lower price than the advertised price. "


The bank said in a statement obtained by "obelisk", a copy of that expressed their willingness for sale "at a price lower than the price advertised up to 1183 dinars to the dollar instead of 1189 dinars to the dollar for cash, and the price of 1178 dinars to the dollar instead of 1184 dinars to the dollar for Documentary Credits."


The statement added that "at a time when values ​​CBI initiative finds it represents a natural behavior that show him most of our banks to stand with the trends of monetary policy governance that are moving out and the keenness of the Central Bank and the banks to support the Iraqi economy and raising the efficiency of financial instruments and cash used."




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