Baghdad Today – Baghdad
The Central Bank of Iraq announced on Wednesday, January 1, 2025, the suspension of the work of the electronic platform mechanisms related to the sale of dollars.
The deputy governor of the Central Bank, Ammar Khalaf, told the official agency, followed by Baghdad Today: “The mechanism of work on the electronic platform related to external transfers has stopped working, but the financing of foreign trade continues through correspondent banks according to various mechanisms equivalent to what is applied in the countries of the world.”
He pointed out that “the dollar continues to be granted to travelers at airports according to the approved mechanism, which is the best in limiting the dollar to the traveler.”
The Central Bank of Iraq announced on Wednesday a major achievement in foreign transfers, while indicating that it continued to follow modern methods in managing monetary policy in Iraq.
A bank statement stated that “the bank succeeded in committing to its program related to moving from external transfers through the electronic platform to the work of Iraqi banks through their external correspondent banks,” pointing out that “this transition took place through stages in which the external transfer process passed, which began with the sale and purchase of foreign currency window and moved to the stage of the electronic platform for external transfers, and ended with the gradual enhancement of balances during 2024 and was achieved completely in the last week of this year.”
No comments:
Post a Comment