The Central Bank directs banks to adopt the new dollar rate
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The Central Bank directs banks to adopt the new dollar rate
by claud39 on Sun Dec 20, 2020 12:27 pm
The Central Bank directs banks to adopt the new dollar rate
12/20/2020
12/20/2020
Economy News _ Baghdad
On Sunday, the Central Bank directed banks to adopt the new dollar rate.
In a document bearing the signature of the bank’s governor, the Central Bank said, “Given the change in the foreign currency exchange rate (the US dollar) to the Iraqi dinar as of (12/20/2020), exchange rates will be adopted as shown below:
1450 dollar purchase price from the Ministry of Finance.
1460 The selling price of the dollar to banks through the foreign currency sale window.
1470 The sale price by banks and non-bank financial institutions to the ultimate beneficiary.
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Central Bank: Foreign reserves are still good
by claud39 on Sun Dec 20, 2020 12:36 pm
Central Bank: Foreign reserves are still good
12/20/2020
12/20/2020
Economy News - Baghdad
Central Bank Governor Mustafa Ghaleb Makheif revealed today, Sunday, that the Ministry of Finance officially requested an increase in the exchange rate to 1450 dinars against the dollar, stressing that the Iraqi reserves of hard currency are still good .
"The Ministry of Finance officially requested an increase in the exchange rate to 1450 dinars against the dollar, which led to market turmoil these days," fearful told Al-Iraqiya TV, noting that "the Central Bank requested the presence of the Minister of Finance to explain the reasons for raising the value of the dollar exchange against the dinar ."
He added, "The World Bank had asked Iraq in 2014 to raise the dollar exchange rate to 1500 dinars," affirming that "Iraq's position on hard currency reserves is still good ."
The governor of the central bank said, "The high exchange rate of the dollar has affected the Iraqi market and the poor classes will be affected. The Ministry of Finance is responsible for supporting these classes, as it will double the amounts of social welfare ."
He called on the Ministry of Finance to "enhance customs revenues and accelerate the automation of customs and border crossings to maximize state revenues ."
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