Central Bank initiate labor - mail system to sell the dollar

Views 1 Date Added 10/01/2017 - 09:22

Economy News / Baghdad ...

The Central Bank of Iraq, Tuesday, Mbacherth labor-mail system to sell the dollar, indicating that he would be re-assessment every three months in light of the performance of banks.

The bank said in a statement issued today, and received "Economy News," a copy of it, he "began to work in the private mail system to distribute the dollar on the basis of standards and evaluation that was earned each bank and corporate financial transfer", noting that "the electronic system will ensure effective control required by the rules commitment to the fight against money laundering and terrorism financing law. "

The bank added that "the electronic system will also verify the integrity of the selling and buying of the dollar and the capabilities of the bank in the management of these operations requirements," noting that "the assessment will be every three months in light of the performance of banks and that it will be banks and financial institutions that are of low evaluation of accounting."

The Iraqi central bank 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.

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