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Association of private banks in Iraq for the determination of private banks to reduce the dollar exc

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Association of private banks in Iraq for the determination of private banks to reduce the dollar exc

Unread postby Stillw8n » Sun Jul 21, 2013 10:38 am

Association of private banks in Iraq for the determination of private banks to reduce the dollar exchange rate to 1180 instead of 1183.

7.21.13
said President of the Association Adnan Al-Chalabi (morning): The move comes as part of the pursuit of private banks to support the policy of the Central Bank of Iraq in achieving exchange rate stability.

adding that the bank Baghdad and Assyria, the first initiative to lower selling prices and will start Sunday sales depending on price new hope from other banks follow suit.

pointing out that the reduction process first adopted by most of the private banks have contributed to reduce the price of commercial sale and returned to natural prices. Chalabi pointed out that the stability of the exchange rate will lead to problems of all problems related to distressed debt and also make it easier for borrowers to pay premiums according to preliminary calculations. said at the conclusion of his statement that private banks working to strengthen the government steps in achieving sustainable economic development.


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