With Documents.. The Central Bank Plans To Cancel The Platform For Selling The Dollar At The End Of This Year, 20 JAN

 With Documents.. The Central Bank Plans To Cancel The Platform For Selling The Dollar At The End Of This Year

 Time: 01/19/2024 Read: 1,053 times  {Economic: Al-Furat News} The Central Bank of Iraq is planning to gradually cancel the electronic platform for external transfers during the current year 2024, leading to its complete cancellation by the end of the year, and keeping it for audit and statistical purposes.

This comes within the framework of the Central Bank of Iraq’s endeavor to enable Iraqi banks to establish and establish solid banking relationships with the global and regional banking sector in order to achieve the sobriety of the Iraqi banking sector and full compliance with international standards and their requirements, according to documents issued by the bank.

According to the documents, Iraqi banks must work to be prepared and able to access and deal with correspondent banks.

According to the Central Bank, there are two types of requirements,

some of which are basic and must be provided and worked on as quickly as possible, and some are important and support the banks’ efforts in this field.

All banks will be required to provide the three basic requirements in order to help them open accounts with correspondent banks. As shown in the documents below.

https://vod2.alforatnews.iq/upload/2024-01/a6a8f6bad925fe4167d82a398acc0d10.jpeg

With documents.. The Central Bank plans to cancel the platform for selling the dollar at the end of this year  Clip_image004 https://alforatnews.iq/news/بالوثائق-البنك-المركزي-يخطط-لإلغاء-منصة-بيع-الدولار-نهاية-العام-الجاري