By John Lee.
The Central Bank of Iraq (CBI) announced an expansion of foreign currency transfer options for local banks, adding the Jordanian Dinar and Saudi Riyal to the list.
Iraqi banks are now also permitted to fund trade with Turkey in Euros, previously restricted to transactions with EU countries. These currencies join the existing options of the US Dollar, UAE Dirham, Chinese Yuan, and Indian Rupee.
This move aims to diversify trade financing options and streamline international transfers at official rates. The CBI highlighted its commitment to facilitating smoother transactions, increasing the involvement of local banks in global transfers, and enhancing economic cooperation with partner nations.
According to a statement from the CBI, this year it has successfully transitioned from an electronic platform to direct transactions through correspondent banks, aligning with global banking practices and earning widespread recognition.
(Source: CBI)
Why are you not using the Dinar?
Steven I'm waiting for dinner to revalue
Do think it's going to happen?
Have dinner at the diner and try to use dinar, bubby.
Will TRUMP Have any influence on Iraq RV of IQD ? ? ?
WE are praying ? Trump will influence.
It’s a scam.
More on Trump and the Dinar here - https://www.iraq-businessnews.com/2024/12/21/donald-trump-and-the-great-iraqi-dinar-revaluation/?swcfpc=1