20 Hrs
Source:
وكالة بغداد اليوم الاخبارية
Banks breach Central Bank dollar rules
Ignore related articles and attachments. The text focuses on a warning from economist Haider Sheikh regarding some government and private banks not complying with the Central Bank of Iraq's instructions regarding the US dollar exchange rate in electronic payment transactions outside Iraq. He explained that there is a discrepancy in dollar exchange rates among banks, with the cost of buying $100 ranging between 156,000 and 160,000 Iraqi dinars, which places a burdensome strain on citizens. Sheikh called for stricter oversight and solving the price disparity issue to ensure transparency and protect the citizens, emphasizing the importance of clarifying the mechanism for calculating the exchange rate and the associated commissions.
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