Iraqi Central Bank coverage a number of private banks Bmzadeh public for the sale of foreign currency and increase the share financial auction granted to exchange companies and authorize bank governor validity reduced dollar against the Iraqi dinar. (more…)
Posts Tagged ‘Letter of credit’
CBI authorization to reduce the dollar exchange rate to enhance the value of the dinar
Posted: February 1, 2013 in Iraqi Dinar/PoliticsTags: Baghdad, Central bank, Central Bank Iraq, Currency, Iraq, Iraqi Central Bank, Iraqi dinar, Letter of credit
CBI to vet Iraqi traders in latest attempt to stop billions of dollars from flowing out of country
Posted: August 7, 2012 in Iraqi Dinar/PoliticsTags: bank, Central bank, Central Bank Iraq, Currency, Iraq, Letter of credit, Saleh, Smuggling
CENTRAL BANK TO VET IRAQI PURCHASES IN DOLLARS TO STEM HARD CASH SMUGGLING
Iraq, August 7, 2012
Iraq has placed new restrictions on purchases by Iraqi traders of foreign goods in latest bid to bring the flow of billions of dollars abroad every month under control, Central Bank Governor Mudher Saleh said.
Saleh said the bank no longer favors cash payments or direct transfers of money to cover deals Iraqi traders strike for the import of foreign goods. (more…)
CBI supports the trend of private banks to open letters of credit of State
Posted: July 22, 2012 in Iraqi Dinar/PoliticsTags: Central bank, Central Bank Iraq, Commercial bank, Iraq, Letter of credit, Private bank, Rafidain, Trade Bank of Iraq
22/07/2012
Central Bank of Iraq confirmed its support for the direction of private banks to open branches abroad and opening documentary credits of Foreign Affairs.
The deputy governor of the Central Bank of the appearance of Mohammed Saleh, said that the central bank support and encourage this trend because it is the correct procedure, which gives the guarantee for the arrival of goods to Iraq (more…)
Iraq’s Trade Bank to raise capital by 41%
Posted: March 25, 2011 in Iraqi Dinar/PoliticsTags: Amman, Beirut, Financial services, Iraq, Istanbul, Letter of credit, London, Trade Bank of Iraq
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The government-owned Trade Bank of Iraq will raise its capital by 41 per cent with provisions from last year’s profit, Abdel Hadi Sadeq Abdel Hadi, deputy director general, said.
Capital will be raised to $1.2 billion from $840 million, he said in an interview in Amman. The bank, the country’s main provider of letters of credit and guarantees, made a profit of about $386m in 2010, he said.
(more…)
