RV HIGHLIGHTS
Translated directly from the CBI document:
Licensed banks all approved
Electronic payment companies all approved exchange companies from categories A and B
Procedures for the work of agents of external transfer service providers
Greetings
Based on the supervisory and supervisory role of this bank. And in order to regulate the with procedures of agents providing foreign remittance services in light of the rapid developments of the financial coal transfer service and to limits to insure for speculation purposes and benefiting from the exchange rate difference. It is decided that you will obtain valid residency and passports for non-Iraqis (foreigners) for the purpose of completing transfer, provided that these supporting documents represent the minimum requirements and you can request any additional document if necessary to act accordingly. With appreciation.
⚡️ This is more from the CBI detailing procedures for A and B licensed exchange companies performing exchanges for non-Iraqi individuals. This is ONLY f in-country for Iraq. This does not correlate to any reclassifications of currencies (those don't exist remember), or movement of rates. This is simply official notice from the CBI for procedures for bank personnel making the exchanges, they now require a PASSPORT, and valid residency notice. I have also included the recent posts on A/B categorization from here in this channel. So you the reader have a better understanding of what this TRULY means, and not the spin.
© Red™✨
❓ What is an A B categorization?
Directly from the CBI starting in 2021 LINK and more LINK and more LINK
❓ Does the US SEC have ANY influence in Iraq?
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