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yota691

CBI News 02/05/0218

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Monday 5 February
 
 
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Alsumaria News / Baghdad 
needful Central Bank of Iraq , Monday, banks five hours to submit their applications to buy the currency. 

The bank said in a statement received, Alsumaria News, a copy of it, "All banks and financial transfer companies to submit applications for the sale of foreign currency from 9 am to 2 pm." 

"The window will not be able to execute these requests if they come before or after this time," the bank said.

 

 


The bank has set new conditions and instructions on banks and brokerage companies to enter the currency sale window to prevent corruption and trading in hard currency.


 

 
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Yes, this shorter window looks like they are trying to weed a few institutions out of the process.

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The central bank is required to provide banks with five hours to submit their applications for the purchase of foreign currency

 

 Since 2018-02-05 at 13:56 (Baghdad time)

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Baghdad Mawazine News

The Central Bank of Iraq, on Monday, banks five hours to apply for the purchase of currency.

The bank said in a statement received / Mawazine News / a copy of it, "All banks authorized and financial transfer companies to submit applications for the sale of foreign currency from 9 am to 2 pm.

"The window will not be able to execute these requests if they come before or after this time," the bank said.

It should be noted that the bank set new conditions and instructions on banks and brokerage firms to enter the currency sale window to prevent corruption and trading in hard currency.

is over

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2 hours ago, ChuckFinley said:

I really do not follow the CB communications with banks,

 

I don't either, CF. Maybe those are designated sleep hours for thieves? LOL.  What makes sense to us, doesn't always work the other way. Perhaps slowly closing the dependency on the auctions until that time ( 1st quarter they apparently said ) the auctions are discontinued. So, we wait.

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