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Rafidain Bank directs its branches to adopt the official dollar exchange rate

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Rafidain Bank directs its branches to adopt the official dollar exchange rate

Economy  The rise in the price of the dollar  Rafidain Bank
2020-12-27 21:35

Shafaq News /
Al-Rafidain Bank directed, on Monday, all its branches in Baghdad and the governorates to adopt the new exchange rate of 1460 dollars.

The bank’s media office said in a statement received by Shafaq News; According to the directives of the Central Bank of Iraq, it was decided to adopt the 1460 dollar exchange rate instead of the old price.

The statement called on all bank branches to adhere to the general directives regarding the dollar currency.

On Sunday (December 20, 2020), an official at the Central Bank of Iraq stated that the new price has been launched for the sale of the dollar in the public auction for the sale of the currency.

The source said to Shafaq News Agency, "The bank has started applying the new price to sell the dollar," adding that

"it was sold in today's auction for 1,450 dinars per dollar."

According to a document received by Shafaq News; The governor of the Central Bank issued a directive to government and private banks informing them of the new dollar exchange rate.

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