What does the Central Bank’s decision to support pilgrims in dollars mean?

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What does the Central Bank's decision to support pilgrims in dollars mean?

Member of the Parliamentary financial system and investment Committee, MP Yassin Hassan, showed nowadays, Saturday, that the significant financial institution of Iraq has issued urgent commands to facilitate the processes for promoting greenbacks to pilgrims to the residence of God this season.

Hassan stated in an interview with / dinaropinions.com /, “The valuable financial institution directed the outlet of branches of the relevant banks in Baghdad and the governorates to acquire requests from pilgrims wishing to purchase dollars allotted for vacationers,” indicating that “the desired amount is (2,000) greenbacks for every pilgrim, at the professional exchange fee of (1,320) dinars in step with dollar.”

He added that “this step comes to ease the financial burdens on pilgrims, and ensure that they reap dollars in an legitimate and organized way,” noting that “the primary bank directed that every one logistical and administrative preparations be made to facilitate the exchange process, and ensure its easy glide earlier than the start of the Hajj season.”