CBI authorizes
the governor to double the share of the dollar banking and financial transfer
Sunday, 07 April, 2013
A statement from the bank got for “obelisk”, a copy of “The Board of Directors CBI decision was made on Saturday authorized bank governor validity increase and multiply the dollar’s share of the remittance companies and banking,” adding that “to continue so long as those companies applied to the Central Bank.”
The governor said the Central Bank of Iraq and Abdul Basit Turki Agency for “obelisk” “The Board of Directors of the Central Bank of Iraq decided today at its special meeting to approve the proposal to increase quotas banking companies are committed to the instructions of the Central Bank . “
He pointed out that “a decision to increase quotas doubled for these companies to allow for it to provide the currency to its clients and the advantage only for companies that apply bank instructions in order to protect the national economy, and the hard currency of waste and smuggling . “
He added that “this decision includes such companies as long as instructions and will be applied exception of any companies that violate laws and regulations of this advantage . “
The financial source was reliable, it was revealed Wednesday 3 this April, the central bank will double during the next two days, the share of money transfer companies and foreign currency banking, to become 200 thousand dollars later reduced to 100 thousand dollars and will include doubling companies are committed to the instructions of the bank.
The Iraqi market has witnessed a major upheaval for weeks in the price of the U.S. dollar against the Iraqi dinar as the sale price of one dollar to 1280 dinars.
The Central Bank of Iraq, issued Sunday the 24 March, new regulations for the sale and purchase of foreign currency, whereby the share weekly for the banks to sell cash dollar four million dollars is subject to increase and decrease, while the share of money transfer companies $ 150 thousand for companies that their capital 45 billion dinars , and 100 thousand dollars for companies with capital of less than that.
It showed FAQ regarding companies broker for buying and selling currencies that share the weekly 50 thousand dollars for companies with a capital of $ 500 million, and 25 thousand dollars for companies less than that, and buying and selling a foreign currency for the money transfer companies and companies broker for buying and selling foreign currency through banks approved in Iraq.
http://theiraqidinar.com/news/cbi-authorizes-the-governor-to-double-the-share-of-the-dollar-banking-and-financial-transfer-206039
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