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Bond Ladys Corner » NEWS FROM IRAQ » Iraq Dinar & CBI News » The Iraqi Central Bank addresses banks to finance small merchants from Türkiye in the euro (document)

The Iraqi Central Bank addresses banks to finance small merchants from Türkiye in the euro (document)

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The Iraqi Central Bank addresses banks to finance small merchants from Türkiye in the euro (document)
 
    Today 11:51
 
https://media.almaalomah.me/archive/image/2023/12/20/bb6399d0-2600-40fb-af13-72522f8cf18a.jpg?preset=w750
 
The Iraqi Central Bank addresses banks to finance small merchants from Türkiye in the euro (document) Bb6399d0-2600-40fb-af13-72522f8cf18a
 
https://almaalomah.me/news/50680/economy/المركزي-العراقي-يخاطب-المصارف-بتمويل-صغار-التجار-من-تركيا-بع

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Document.. The Iraqi Central Bank addresses banks to finance small merchants from Türkiye with “euro”
 
Economy |Yesterday, 11:57 |
Baghdad today - Baghdad
 
Today, Wednesday (December 20, 2023), the Central Bank of Iraq addressed banks to finance small merchants from Turkey in the euro currency.
 
According to a document issued by the bank, obtained by “Baghdad Today”, “The Association of Iraqi Private Banks was approached to finance the imports of small merchants from Turkey using the euro. 
 
The text of the document stated:
 
“Referring to the meetings that took place in Turkey in your presence for the period 11-28-30-2023, we hope to inform all banks wishing to regulate small merchants’ imports from Turkey to submit their requests to the Central Bank of Iraq (Department of Investments and Foreign Transfers).”
 
The Central Bank of Iraq stipulated that
 
“these banks attach a file about one of the specialized and reputable shipping companies that has branches in Turkey and Iraq, and has an electronic registration and tracking system.” According to the document,
 
 “When the bank’s request is accepted, an agreement will be signed between the bank and the company that includes the obligations of each party, provided that the bank’s obligations include full responsibility for submitting all relevant documents from the commercial lists on the basis of which the amounts will be disbursed to Turkish exporters, bills of lading, and proof of payment.” Customs duties in Iraq on these goods shall be submitted to the Banking Control Department upon request.” According to the document,
 
 “The Central Bank of Iraq will enhance the balance of the Iraqi bank in the euro currency in its account with its correspondent in Turkey for this purpose, provided that the
 
shipping companies receive the import amounts from the Iraqi merchant in the Iraqi dinar currency and that
 
payment in Turkey to the Turkish merchant is made either in the euro currency or the Turkish lira.”".
 
https://baghdadtoday.news/uploads/posts/2023-12/f804ae49-3b5b-4b52-8951-6fef1e2544f5.jpg
 
The Iraqi Central Bank addresses banks to finance small merchants from Türkiye in the euro (document) F804ae49-3b5b-4b52-8951-6fef1e2544f5

 
 https://baghdadtoday.news/238171-وثيقة.-المركزي-العراقي-يخاطب-المصارف-بتمويل-صغار-التجار-من-تركيا-بـاليورو.html

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