Central Bank: No Decision Or Directive Has Been Issued Regarding Closing Outlets Or Converting Them Into Exchange Companies, 19 jan

 Central Bank: No Decision Or Directive Has Been Issued Regarding Closing Outlets Or Converting Them Into Exchange Companies

The Central Bank of Iraq confirmed today, Saturday, that it had not issued a decision or directive to close exchange outlets, and the Central Bank called for caution in transmitting and circulating news that indicates the closure of exchange outlets.

The bank explained in a statement received by the Iraqi News Agency (INA) that "the Central Bank is working to expand the spread of cash delivery outlets through all available channels, including automated teller machines (ATMs), cash payment machines (POCs), and authorized exchange companies, in addition to electronic payment company outlets and electronic payment machines (POS) spread throughout Iraq." 
The bank also stressed "the need to obtain news from its official sources published on its website and its verified pages on social media." 
The statement indicated that "the bank has issued circulars to all parties in the Iraqi financial and banking sector, including directing banks and non-banking financial institutions to expand financial services in areas that lack this type of service."