NEWS: " ENHANCING CONFIDENCE IN THE IQD", 20 JULY

 TNT:

Tishwash:  Enhancing confidence in the Iraqi dinar

To enhance the ability of the Iraqi dinar against foreign currencies to circulate within the country, the following was decided:

1. Collection of all cash guarantees shall be in dinar currency exclusively for internal credits, bank guarantees and letters of guarantee issued to the benefit of the beneficiaries (governmental and private), even if they are in dollar currency and at the official exchange rate.

2. The payment of the sums of the letters of guarantee upon confiscation shall be exclusively in Iraqi dinars and at the official exchange rate.

We ask all authorized banks to take the necessary measures in accordance with the above link 

Tishwash:  Expert: US sanctions will have repercussions on the Iraqi economy

Economic expert Munqith Dagher said that the US sanctions that affected Iraqi banks will have repercussions on the Iraqi economy, criticizing the Central Bank.

And Dagher wrote in his tweet on the social networking site Twitter, "A painful blow to the Iraqi banking sector, with the punishment of 14 banks by the US Treasury Department for their non-compliance with the sanctions and their dealings with US dollars with Iran   link