News Column

The Central Bank launches new instructions for the auction of selling the currency

June 12, 2014

BAGHDAD / NINA / The Central Bank / the Directorate General of the banking and credit control / announced on Friday launching of new instructions to banks and approved banking shops to participate in the daily auction for the sale and purchase of foreign currencies.

A statement by the bank outlined that the instructions included that banks should be authorized a disclosure includes the amount and purpose of the transfer and to identify the beneficiaries of the conversion.

It added that the bank called to present a report supports the safety of customer funds and the source of the funds and their legitimacy and do not violate them. / End

All rights are reserved for National Iraqi News Agency / NINA

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Source: National Iraqi News Agency (Iraq)

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