Al-Rafidain announces the financing of foreign trade and letters of credit at the official rate

Al-Rafidain announces the financing of foreign trade and letters of credit at the official rate

The Rafidain Bank announced the financing of foreign trade and documentary credits at the official rate.

A statement by the bank’s media office, which was received by Al-Maloumah, stated that “the bank announced the facilitation of all procedures related to the issuance of documentary credits and the implementation of external bank transfers to customers from merchants and commercial companies for the purposes of financing foreign trade through the electronic platform and at the official price of 1320 dinars per dollar for commercial transfers and a price of 1315 dinars per dollar for documentary credits.”

Pointing out that “among the transactions allowed in transfers are treatment outside Iraq, payment of tuition fees, transfers for fundamental transactions to buy real estate abroad, and transfers related to foreign investments in Iraq.”

The bank has emphasized that the customer needs to provide all the necessary details for these transfers.

The bank called on its customers wishing to cover all import operations to “review its branches to open a bank account in the name of the company and according to the applicable instructions, in addition to attaching the documents required for external transfers.

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