Thursday, December 19, 2024

AJ: IRAQ 🔥 Central Bank of Iraq UPDATE, 19 DEC

 AJ

The CBI will set a official rate for the dollar inside Iraq. That will end the Parallel market. This is the cash side of the currency auction. 

This news is the transfer side (imports) of the auction. They are still posting it here, but it has been going thru bank for the beta-testing phase and is done. Or the CBI would not have made that announcement.



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IRAQ 🔥 Central Bank of Iraq The Central Bank of Iraq announced the expansion of foreign transfer channels for local banks to include new currencies: the Jordanian dinar and the Saudi riyal, and allowing Iraqi banks to finance trade with Turkey in euros after it was 

previously limited to using them with European Union countries, It is worth noting that a smooth transition took place during 2024 from the electronic platform to directly accredited correspondent banks,

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