5 new decisions from the Central Bank of Iraq regarding the dollar

5 new decisions from the Central Bank of Iraq regarding the dollar

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A meeting between the Central Bank, companies, banks and leaders of security agencies reached new decisions in the context of facing the exchange market crisis.   And a statement by the central bank stated, “The governor of the Central Bank of Iraq, Ali Mohsen Ismail, received, yesterday, Thursday, a number of leaders of the security services and owners of exchange companies and brokers in the sale and purchase of foreign currency.”  



The meeting, according to the statement, discussed ways of coordination and procedures between the Central Bank and the concerned agencies, and defining roles and tasks in light of the directives of the Commander-in-Chief of the Armed Forces.   During the meeting, the following was directed:



1- The Central Bank is the only entity responsible for monitoring and inspecting banks, exchange companies, and non-banking financial institutions licensed by the Central Bank, based on its law. 



2- The transfer of cash (in dinars and dollars) and any other currencies is permitted inside Iraq for all natural and legal persons, including banks, exchange companies and mediation companies in the sale and purchase of foreign currency, and their branches in all governorates.