The Iraqi Central Bank imposed a new condition on exchange companies

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The Central Bank of Iraq issued a new condition on the brokerage companies to sell and buy foreign currencies to continue to enter the currency sale window.
The bank said in a statement that it was decided to deposit 100 million dinars in the insurance account with the Central Bank instead of letters of guarantee by informing the payment system of the amount mentioned from the bank account with your companies in favor of the Central Bank, “noting that” the decision comes on the basis of the decision Board of Directors No. 55 on 25 December last. ”
The bank added that “the last period to complete the deposit is on 31 January.”
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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