An informed source, said Friday that some private banks would cut the dollar to 1180 DT as of Sunday.
The source said in an interview for "alsumaria news", the "Association of Iraqi private banks Central Bank took note of the fact that some private banks to reduce the cash dollar exchange rate to 1180 dinars".
The source, who requested anonymity, said the reduction in the exchange rate will be effective from Sunday, 21 July 2013. "
The Iraqi Central Bank meet daily to buy and sell foreign currency with the participation of Iraqi banks, with the exception of public holidays where the Bank auctions, sales are either critically or in the form of money orders sold abroad in return for Commission. http://www.microsofttranslator.com/BV.aspx?ref=IE8Activity&a=http%3A%2F%2Fwww.alsumaria.tv%2Fnews%2F79639%2F%D9%85%D8%B5%D8%AF%D8%B1-%D8%A8%D8%B9%D8%B6-%D8%A7%D9%84%D9%85%D8%B5%D8%A7%D8%B1%D9%81-%D8%A7%D9%84%D8%AE%D8%A7%D8%B5%D8%A9-%D8%B3%D8%AA%D8%AE%D9%81%D8%B6-%D8%B3%D8%B9%D8%B1-%D8%B5%D8%B1%D9%81-%D8%A7%D9%84%2Far