Central Bank equip Rafidain and Rasheed dollars to expand sales outlets for citizens

09/07/2016 (0:01 pm) - The number of readings: 198

Baghdad / term

The Central Bank of Iraq, on Tuesday, for the Rafidain processing and rational exchange of foreign currency the dollar to expand cash sales outlets for citizens across their branches in the capital Baghdad and the provinces, and as he emphasized his coverage of the dues of farmers from cropping of wheat and rice, for the years 2014 and 2015, pointed out that the amounts sent to the Ministry of Commerce for distribution to beneficiaries.

The flags of the Iraqi Central Bank in a statement received "long", a copy of which, "The central bank is equipped Rafidain and Rasheed foreign currency (US dollar) for the purpose of expanding the cash sales of US dollar outlets for citizens across their branches deployed in Baghdad and the provinces."

The bank said in its statement, "The bank covered the dues of farmers of wheat and rice crops in 2014 and 2015," explaining that "the amount of money sent to the Ministry of Commerce for distribution to beneficiaries."

The Iraqi Central Bank announced at the 24 of July 2016, agreed to open the windows of government banks to sell the dollar to citizens.

And decided the Iraqi Central Bank, on Thursday, the (16 June 2016), up dollar sales for citizens wishing to travel to the (3000) dollars instead of 5,000 dollars, while stressing the need for the sale takes place after the completion of the required archives all.

The Central Bank of Iraq, called on Monday (6 June 2016), citizens and merchants who buy the dollar by more than 1,200 Iraqi dinars, from remittance companies and foreign exchange to make a complaint to the bank's board, and the condition of attaching arrived payment with the complaint, while ensuring to pay the difference in purchase and deducted from the value of the vendors.

The Central Bank of Iraq was established independently 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 being sessions a day for buying and selling currencies.