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Allow banks with a capital of less than 250 billion dinars to participate in the currency auction

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Allow banks with a capital of less than 250 billion dinars to participate in the currency auction

Unread postby admin » Tue May 08, 2018 8:48 am

Allow banks with a capital of less than 250 billion dinars to participate in the currency auction

2018-05-08 at 08:31 (Baghdad time)

Allow banks with a capital of less than 250 billion dinars to participate in the currency auction

Baghdad Mawazine News
The Central Bank of Iraq announced on Tuesday that banks with a capital of less than 250 billion dinars will be allowed to participate in the currency auction.
"The approval of banks with a capital of less than 250 billion dinarshas been given to enter the window of sale and purchase of foreign currencies for the purpose of strengthening their assets abroad," the bank said in a statement received by Mawazine News.
He added that "the participation will be in accordance with the mechanisms and instructions followed in this regard and implement this decision immediately."

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