Over a billion dinars in exchange rate difference.. Kurdistan pilgrims receive $2,000 at subsidized rate

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Over a billion dinars in exchange rate difference.. Kurdistan pilgrims receive $2,000 at subsidized rate

the general Authority for Hajj and Umrah in the Kurdistan region announced on the start of disbursing $2,000 to every pilgrim at an trade rate of 132,000 Iraqi dinars in keeping with $100, via travelling Cihan bank branches.

The authority defined, in a assertion acquired through dinaropinions.com, that this quantity in bucks changed into transferred through the Federal critical bank to Cihan financial institution and will be exchanged on the reliable authorized fee, with every pilgrim being given 20 $one hundred payments.

She defined that this mechanism allows every pilgrim to advantage from a difference of greater than 2 hundred,000 dinars compared to the market fee. She cited that the range of pilgrims this 12 months reached 5,136, meaning that the entire benefit might exceed one billion Iraqi dinars if they all exchanged this quantity.

The authority confirmed that Cihan financial institution has been furnished with all important facts. each pilgrim is needed to go to the bank in person with their passport and Hajj visa, as nobody else is allowed to acquire the amount on their behalf.

She cited that Cihan bank branches in Erbil and Sulaymaniyah will provide the provider, even as pilgrims from Dohuk Governorate ought to go to the bank’s branches in Erbil for this reason.

The Authority concluded its assertion through noting that the assessment might be available in the course of three periods daily: morning from 9 am to twelve pm, nighttime from 3 pm to five pm, and night time from 7 pm to 10:30 pm.