03 Oct 2012
(MENAFN) Iraqi officials said that the central bank has loosened rules on the sale of dollars in a step likely to boost the dinar currency, Gulf Daily News reported.
The central bank said it would double lenders’ weekly share of cash and allow them to determine the price, which was previously fixed at 1,189 dinars to the dollar.
Central Bank Deputy Governor Mudher Kasim said that the move was made as the central bank sees the dinar-dollar exchange rate stable, adding that a better execution of anti-money laundering regulations will prevent dollars being sold on to countries under sanctions.
In April, the Central Bank of Iraq has tightened curbs on who could participate in its daily dollar auctions and the amount they could buy.
The move was aimed at stabilising the national currency exchange rate and stop smuggling US currency to neighbouring countries under sanctions.
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
27 Jan 2025
BBK offers customers with exclusive Tas’heel and Mazaya Finance to own their dream home
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more