The Iraqi Central Bank launches a package of measures to reduce the exchange rate of the dollar - urgent
- Author
- Tish Washington
- Published
- Tue 20 Dec 2022
- Episode Link
- https://podcasters.spotify.com/pod/show/tish-washington8/episodes/The-Iraqi-Central-Bank-launches-a-package-of-measures-to-reduce-the-exchange-rate-of-the-dollar---urgent-e1sgjad
The Iraqi Central Bank launches a package of measures to reduce the exchange rate of the dollar - urgent
link to see this article in full and more go to: My FX Buddies Blog
Today, Monday, the Central Bank of Iraq launched a package of measures to improve the performance of dollar-related transactions.
The Central Bank's media office said, in a statement received by Earth News, that "this package of decisions would restore the foreign currency market to its normal position."
He added, “The package included:
1- Allowing the banks participating in the foreign currency buying and selling window to buy any amounts in foreign currency and deposit them with this bank in accounts used for external transfer purposes, and pay interest / returns on those balances according to what this bank decides
2- Trade financing facilitation The private sector through Iraqi banks and meeting the demand for foreign transfers by strengthening bank balances with their correspondents in other currencies in addition to the US dollar (Chinese yuan, euro, UAE dirham, Jordanian dinar and others).
