The Central Bank allows banks with a capital of less than 250 billion dinars to parti
The Central Bank allows banks with a capital of less than 250 billion dinars to participate in the currency auction
The Central Bank of Iraq announced on Tuesday that banks with capital of less than 250 billion dinars will be allowed to participate in the currency auction.
"The approval of banks with a capital of less than 250 billion dinars to enter the window of sale and purchase of foreign currencies for the purpose of strengthening their assets abroad," the bank said in a statement received by the economy.
"The participation will be in accordance with the mechanisms and instructions followed in this regard and implement this decision immediately."