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The Central Bank reiterates its emphasis on facilitating and simplifying banking procedures
2/29/2024
The Central Bank of Iraq reiterated its mandate to facilitate and simplify banking procedures by taking the necessary measures to ensure this by banks, and facilitating “know your customer” procedures in accordance with the laws and instructions issued in this regard.
The Central Bank pointed out that this comes for the requirements of the public interest, and in order to enhance the performance of banks using various approved means for the purpose of attracting the public to conduct financial operations through the banking channels approved by it, and the impact of this on the growth of the Iraqi banking sector.
