Association of Banks: Agreements with Türkiye will lead to lowering the dollar exchange rate, 3 DEC

 Association of Banks: Agreements with Türkiye will lead to lowering the dollar exchange rate

12/3/2023Baghdad

The Iraqi Private Banks Association confirmed that the agreements with Turkey will lead to reducing the dollar exchange rate and increasing citizen confidence in the dinar.

The head of the Iraqi Private Banks Association, Wadih Al-Handal, said on his Facebook page, followed by Al-Iqtisad News, “We discussed with the Turkish Central Bank and all of Turkey’s banks the reorganization of trade financing between Iraq and Turkey,  using the Iraqi dinar, the Turkish lira, and the euro.”

Al-Handal stressed, "The agreements with Turkey will lead to reducing the dollar exchange rate and increasing citizen confidence in the dinar."   LINK