Dollar auction.. What is the truth about stopping the Central Bank’s currency conversion platform?
Shafaq News / An official source at the Central Bank of Iraq revealed on Monday evening the fact of stopping the Central Bank’s currency transfer platform starting today.
The source told Shafak News Agency that “the talk about the official suspension of the Central Bank platform for the currency conversion window, on today 23/12/2024, is not true, and today the auction worked normally and there is no decision to officially suspend so far.”
The source, who asked not to be named, added that “the suspension of this platform will be the end of the current year, according to the bank officially announced, and this does not mean stopping remittance operations as some try to promote it, but after this step, dealing will be directly between banks and correspondent banks, not the cancellation of transfers as it promotes, and the subject was not limited to specific banks, but the process will be very broader.”
The responsible source at the Central Bank said that “many Iraqi banks have the capabilities to deal with correspondent banks directly and work according to the work of the advanced international banking sectors.”
https://alforatnews.iq/news/القانونية-النيابية-الاتفاق-على-تمرير-ثلاثة-قوانين-جدلية-بسلة-واحدة-
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