THE CENTRAL BANK REASSURES CITIZENS VIA “BAGHDAD TODAY”: NO INSTRUCTIONS TO PREVENT THE DELIVERY OF “DOLLARS”
A responsible source in the Central Bank of Iraq denied, today, Thursday (February 20, 2025), the issuance of instructions to prevent citizens from receiving any amount in hard currency from banks.
The source confirmed, in a statement to “Baghdad Today”, that “the talk about issuing instructions from the Central Bank to prevent the delivery of any amount in hard currency is incorrect,” noting that “there is no shortage of hard currency, especially the dollar, and that citizens receive their money normally.”
The source, who requested anonymity, added that “the process of citizens depositing their money, whether in dollars or local currency, continues on a daily basis in government banks and others, and there are no fears of a shortage in the dollar reserves in Iraqi banks during the next stage.”
This denial by the Central Bank comes amidst rumours about restrictions on the delivery of dollars to citizens, in light of the economic challenges facing the country.
The market has been witnessing fluctuations in the exchange rate of the dollar against the dinar for some time, which has raised concerns among citizens and traders about the possibility of imposing restrictions on dollar transactions.
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