Central Bank obliges banking companies to deposit 100 million dinars




Badr Newspaper / Baghdad ...

The Board of Directors of the Central Bank of Iraq, on Thursday, oblige the exchange companies to deposit 100 million dinars in their accounts with the bank instead of providing letters of guarantee.

The central bank said in a statement that the payment would be by means of notification of the payment system ( RTGS ) of the same amount from the bank account with which these companies are working for the Central Bank.

The Central Bank stressed that "the decision obligates companies to complete the deposit of 100 million dinars at the end of January."

The sale of the Central Bank of Iraq from foreign currency, during an auction on Wednesday, to 135.46 million dollars, compared to the sale of 142.43 million dollars auction yesterday, down 6.97 million dollars.

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