Start selling dollars to travelers next week and new procedures for transfers in Iraq

An informed source revealed, on Wednesday, that Iraqi government banks will start selling US dollars to travelers starting next week, according to the procedures approved by the Central Bank of Iraq.

The source told Shafaq News Agency that government banks are preparing to implement the instructions of the Central Bank of Iraq to sell dollars to travelers at the official exchange rate at airports, indicating that this step comes within the government’s efforts to find solutions to the current dollar crisis.

The source indicated that the dollar will be delivered to travelers through the outlets of government banks located at the airports. He also noted that government banks are awaiting notification from the Central Bank of Iraq to obtain official approval to begin the process of selling the dollar and distributing it at the airports.

It is noteworthy that the Central Bank of Iraq decided on July 4, 2024 to start selling dollars to travelers, exclusively through corporate and banking outlets at international airports.

Meanwhile, the Central Bank decided to grant category “AB” exchange companies the ability to register internal and external remittance activities via the FITR platform.

The Central Bank stressed, according to an official document issued on July 10, that the ceiling for financial transfers in one day should not exceed the company’s capital.

Shafaq.com