Rasheed Bank directs its branches to open documentary credits to public and private sector companies



03/04/2017 03:03 | Number of readings:


Trend Press / Baghdad

The Director General of Rasheed Bank, Rashad Khudair Wahid, extended the bank's branches to expand the opening of documentary credits to public and private sector companies.



"The process is the most successful way to settle international sales, where the seller is guaranteed to receive the price of the goods and the buyer to receive the goods and through correspondent banks of the Rashid Bank abroad according to the controls," Wahid said.



He pointed out that "the amounts of appropriations are transferred at the official price specified by the Central Bank of Iraq."

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