"Central Bank" requires exchange companies to deposit 100 million dinars

Date Posted 03/01/2018 03:40 PM


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

The central bank said in its decision that the payment would be by notice of the payment system (RTGS) of the same amountfrom the bank account with which these companies deal with the Central Bank.

The Central Bank of Iraq that the decision obliged companies to complete the deposit of 100 million dinars at the end of January.

The Central Bank of Iraq's foreign exchange sales fell during the auction on Wednesday to 135.46 million dollars, compared to the sale of 142.43 million dollars on Tuesday auction, down 6.97 million dollars.