The Central Bank clarifies the latest measures of the financial transfer platform and limiting the rise in the dollar

Information / Baghdad… Today, the Central Bank announced the start of expanding inclusion in entering the electronic platform, and while it indicated its continuation in issuing positive steps to facilitate foreign trade financing, it confirmed its communication with Chinese banks regarding dealing in the yuan currency.

The governor’s assistant said in a statement to the Iraqi News Agency, which was seen by the “information”, that “the Central Bank continues to follow the instructions previously issued to ensure the stability of the parallel exchange rate.”

He added, “A meeting was held with the banking sector, merchants, and factory owners to face challenges and overcome them,” noting that “the Central Bank began expanding the channels and entities covered by entering the electronic platform.”

He explained, “This is the first step, while continuing to issue positive steps to facilitate the financing of foreign trade or any sound official transfers abroad.”

He pointed out that “the measures taken can control the market,” calling on “citizens and project owners to review the official channels to obtain foreign currency, as for merchants, there are great facilities for them from banks to finance their foreign trade instead of other methods.”

He pointed out that “the recent decisions of the Council of Ministers mentioned dealing in dinars, so there is no justification for citizens to use foreign currency in local transactions.”

Regarding dealing in the Ioan, Khalaf stated, “There is continuous communication by the central bank with Chinese banks, in order to activate and allow merchants to transfer directly, meaning that the central bank delivers the dinar through banks, and the transfer is directly through the use of the Chinese currency, the yuan.”

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