New decision by the Central Bank on granting dollars to travelers
Baghdad – Mawazine News
The Central Bank of Iraq decided, on Monday, to grant dollars exclusively to airport passengers starting on July 14.
According to a document issued by the bank, Rafidain, Al-Rashid and Iraqi Trading Banks, exchange companies currently operating at airports and exchange companies have directed Class A and B. In order to ensure that travelers receive cash dollars and avoid exchange companies to passing improper transactions, it was decided to set on 14/7/2024 as the final date for the start with the said mechanism.
The aforementioned banks and exchange companies operating at the airport are entitled to a commission cut in the amount of (15,000 dinars) from the customer for each transaction and are collected by exchange companies outside the airport for the benefit of companies and banks operating at the airport in accordance with a mechanism that is determined between the parties, companies operating at the airport and exchange companies outside the airport.
She added that the above-mentioned banks have the right to charge exchange companies no more than 2 dinars for every one dollar for the amounts of the window received on behalf of the exchange companies, and the Rashid and Rafidain bankers open outlets for them at airports (Baghdad, Basra, Najaf) and the Iraqi Trade Bank opened its outlets at airports (Baghdad Al-Najaf, Basra, Sulaymaniyah, Erbil).
The document confirmed that exchange companies should transfer their transactions to one of the above-mentioned banks no later than 11/7/2024, and the continuation of the work of exchange companies currently operating at the airport Al-Rayyan, Al-Anjan, Sama Baghdad, Al-Qand) in addition to the above-mentioned banks with the possibility of other exchange companies contracting with them.