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The Central Bank is waiting to extend letters of guarantee to banking companies
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The Central Bank is waiting to extend letters of guarantee to banking companies
http://economy-news.net/content.php?id=15171
The Central Bank is waiting to extend letters of guarantee to banking companies
22/01/2019
The Central Bank is waiting to extend letters of guarantee to banking companies
22/01/2019
Economy News _ Baghdad
The Central Bank of Iraq announced on Tuesday its intention to extend letters of guarantee to exchange companies.
"Based on what was put forward at the first conference of companies that mediate the sale and purchase of foreign currencies through the desire of some companies to mediate integration, it is decided to delay extending the letters of guarantee to all exchange companies," the bank said in a statement received by the economy.
"The exchange companies will be informed by the amount of the guarantee letter to the company's capital to be determined later," the bank said.
The Central Bank decided on January 9 that the period of validity of letters of guarantee issued by banks for the benefit of companies to mediate the sale and purchase of foreign currency for six months instead of one year.
A letter of guarantee is a pledge issued by the bank at the request of the customer in which the bank undertakes to pay the value of the letter to the account of a third party, the beneficiary in the event of a claim to pay it from within a certain period.
claud39- Elite Member
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General: Delay in extending letters of guarantee
https://cbi.iq/news/view/979
January 22, 2019
General: Delay in extending letters of guarantee
January 22, 2019
To / from all authorized banks (the delay in letters of guarantee ) ... Click here to download
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https://cbi.iq/static/uploads/up/file-154814580616881.jpg
claud39- Elite Member
- Posts : 18423
Join date : 2018-11-04
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
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