The Central Bank of Iraq decides to restore the mechanism for financing Iraq's foreign trade, starting next March

[RJG]

The Central Bank of Iraq decides to restore the mechanism for financing Iraq's foreign trade, starting next March

 

Logo of the Central Bank of Iraq

Drains
   

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The Central Bank of Iraq decided to restore the mechanism for financing Iraq's foreign trade, starting next March.
The Central Bank said in a letter addressed to the banks, which Al-Iqtisad News reviewed, that for the purpose of organizing financing operations for requests to enhance external balances, it was decided to implement the new requirements and mechanisms starting from March 1, 2024.
He added that banks wishing to enhance their balance with correspondent banks in all currencies should appoint an external auditor for the purposes of reviewing transfers in advance of the process of sending transfers. Banks wishing to enhance the balance must provide us with information about the names of the companies they wish to contract with within a maximum period of February 29, 2024.
He stressed that requests to strengthen the dollar are for banks that have correspondent accounts with an American bank exclusively, at a price of 1310.
He stated that strengthening other currencies other than the dollar will accept applications at the banks of the currency country, provided that the classification of these banks is either the same as the country’s classification or only one rank lower than it, in a way that is consistent with Iraq’s import requirements from those countries.
https://economy-news.net/content.php?id=39903

 

 

Edited January 28 by RJG

[haymon]

Just another 30 days, 

SOON.

[JonnyV]

Exactly.  Everything with them is in a month or just down the road.  And, we wait….

[horsesoldier]

1 hour ago, JonnyV said:

Exactly.  Everything with them is in a month or just down the road.  And, we wait….

20 years with these jokers and it's really beginning to feel like Deja Vu' all over again. Can't help feeling they're deliberately pushing this out to go beyond 1st quarter and then we're on to " next year." 

I don't care how many "promises" Sudani's made to the people: if he doesn't deliver, I hope the entire country rises up against him. 

Bunch O lying sacks O 💩

Bureaucrats & their (empty) promises.

[screwball]

⏰april 30

[WheresmyRV?]

18 hours ago, horsesoldier said:

20 years with these jokers and it's really beginning to feel like Deja Vu' all over again. Can't help feeling they're deliberately pushing this out to go beyond 1st quarter and then we're on to " next year." 

I don't care how many "promises" Sudani's made to the people: if he doesn't deliver, I hope the entire country rises up against him. 

Bunch O lying sacks O 💩

Bureaucrats & their (empty) promises.

Sure starting to feel like that again 

[horsesoldier]

2 hours ago, WheresmyRV? said:

Sure starting to feel like that again 

Don't ya hate that slithery feeling just creeping its way up your spine.... again