The central bank is required to reduce dollar sales for citizens wishing to travel

Thursday, June 16, 2016 - 9:32

Baghdad: committed the Iraqi Central Bank, on Thursday, approved banks and companies to reduce the conversion dollar sales to citizens who wish to travel.

The bank said in a statement Alsumaria News received a copy of it, "decide for each of the approved banks all companies and remittance of all, in addition to the broker for the sale and purchase of foreign currencies all companies, selling $ 3,000 instead of $ 5,000 for citizens desiring the dollar to cover their expenses abroad."

Central banks sales compared to last year, rising to 600,000 dollars a slight increase in central bank sales to reach $ 115 million and the bank it said that "the sales process take place after the completion of all the required documents under the regulations in force."

And established an independent Iraqi Central Bank as a bank under a law issued on the sixth of March 2004, as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies are being daily sessions for buying and selling currencies.