The Central Bank Of Iraq Agrees To Import The Dollar To Meet The Needs Of Citizens, 16 nov

  The Central Bank Of Iraq Agrees To Import The Dollar To Meet The Needs Of Citizens, 16 nov

November 15, 2023 Last updated: November 15, 2023   Al-Independent/- A government source revealed, today, Wednesday, that the Central Bank of Iraq issued official approvals to three Iraqi private banks to import the US dollar to meet the needs of citizens, confirming that one of the banks’ shipments had actually arrived in Iraq.

 This decision comes within the framework of the efforts made by the Central Bank of Iraq to enhance the stability of the Iraqi dinar exchange rate, and to provide the dollar in sufficient quantities to meet the needs of the local market.

 According to the source, the private banks that obtained approvals are:

 National Bank of Iraq   Ahli United Bank  Trade Bank of Iraq (TBI)  The source explained that these banks will import the US dollar through the electronic money transfer platform recently launched by the Central Bank of Iraq, with the aim of ensuring transparency and preventing currency speculation.

According to the source, there are applications from other banks that are on their way to be submitted for decision by the Central Bank of Iraq.

 The source confirmed that the Trade Bank of Iraq (TBI) is currently holding important discussions with several international companies to transfer amounts amounting to $120 million, and

 they are on their way to completion within the next few days.

 The source expected that this decision would stabilize the exchange rate of the Iraqi dinar, and provide the dollar in sufficient quantities to meet the needs of the local market.

 The impact of the decision on the Iraqi economy

 It is expected that this decision will have a positive impact on the Iraqi economy, as

it will stabilize the exchange rate of the Iraqi dinar, and

provide the dollar in sufficient quantities to meet the needs of the local market.

 According to the economic expert, Dr. Ahmed Ismail, this decision will contribute to reducing the demand for the dollar in the local market, and thus reducing the exchange rate of the Iraqi dinar against the dollar.

 This decision will also provide the dollar in sufficient quantities to meet the needs of companies and investors, which will contribute to increasing foreign investments in Iraq.

 In general, this decision is an important step by the Central Bank of Iraq to enhance the stability of the Iraqi economy.   https://mustaqila.com/البنك-المركزي-العراقي-يوافق-على-استير/