The Central Bank Expands External Transfer In New Currencies
Thursday 19, December 2024 11:24 | Economical Number of readings: 81 Baghdad / NINA / The Central Bank of Iraq announced the expansion of external transfer channels for local banks,
to include new currencies: the
Jordanian dinar and the
Saudi riyal, and to
allow Iraqi banks to finance trade with Turkey in the euro, after it was limited to use with European Union countries, in addition to transfers available in currencies.
US dollar,
UAE dirham,
Chinese yuan and
Indian rupee.
;
The bank explained in a statement:
“This step comes as part of its efforts to expand options for financing foreign trade in various currencies and channels,” indicating that it has begun taking the necessary measures to meet banks’ requests in these currencies. He pointed out:
“This expansion of external transfer channels
provides transfer operations at the official rate, and
aims to streamline the transfer and
involve a larger number of banks in external transfer operations, and
expand the horizons of economic cooperation between Iraq and other countries,
especially in light of the bank’s endeavor to find other channels to meet the volume of The demand for various foreign currencies according to Iraq’s dealings with those countries.” / End 3
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