Central Bank: Enhancing the accounts of 13 banks in Chinese Yuan

Economy

15-11-2023, 23:31

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Baghdad-INA
An authorized source in the Central Bank of Iraq revealed today, Wednesday, the strengthening of the accounts of 13 banks in the Chinese Yuan, calling on merchants and importers to secure their imports officially.

The source told the Iraqi News Agency (INA): that “number of banks whose accounts were strengthened in the Chinese currency "Yuan" reached (13) banks, suggesting that "the number of banks that will strengthen its balance in the Chinese currency will increase in the near future."
He added, "Merchants and importers can import their goods from China at the official price that will be provided by banks dealing in Chinese currency instead of resorting to the black market and speculators."