The Central Bank of Iraq specified the parties covered by obtaining their foreign transfers in cash in dollar currency starting from January 2, 2024.
A statement by Al-Bitek said, a copy of it said: “External transfers include all diplomatic missions, international organizations and agencies operating in Iraq, and non-governmental civil society organizations registered in the General Secretariat of the Council of Ministers in the event that the foreign donor requires the payment of the amounts of foreign transfers received in dollar currency inside Iraq.”
He added, “It also includes government contracts in force in the US dollar currency, and continuous contracts on grants, loans and foreign agreements,” noting “40 percent of incoming transfers to Iraqi exporters resulting from their exports abroad.”
The statement continued, “Banks are allowed to deliver their customers the amounts of their remittances received from abroad in cash and from the self-resources available to the bank and according to the agreement between the bank and the customer.”
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