IPBL announces readiness to implement CBI instructions regarding exchange rates

 
Baghdad-INA
 
Iraqi Private Banks League-IPBL announced on Saturday, its readiness to implement the instructions of the Central Bank of Iraq-CBI regarding exchange rates.
 
“IPBL supports, through its bank members, government efforts and a package of new procedures issued by the CBI to facilitate financing international trade, which contributes to raising the value of the Iraqi dinar against the dollar, directly and gradually, and with the provision of materials and goods in the local market,” said IPBL in a statement received by The Iraqi News Agency (INA). Noting that "The new package of measures will contribute to the stability of the exchange rate, the limitation of the parallel market and illegal transfers".
 
The statement urged "The business sector and merchants to deal with banks directly by opening accounts, bank credits, and fundamental transfers, and benefiting from the advantages and official exchange rates, without an intermediary or third party or using unlicensed channels and money exchange."