13:08 - 2023-02-22
Today, Wednesday, the Central Bank of Iraq announced the second package of facilities to obtain foreign currency.
And the media office of the Central Bank stated in a statement that, “in addition to what was announced in the first package of facilities provided by the Central Bank to achieve stability in exchange rates, the second package will include the following: 1- Facilities for financial transfers to the United States and Europe will be provided by the same mechanism later
2- The documents required for submission for the aforementioned foreign remittances will be: a commercial list (invoice) only, or the initial documentary credit, provided that the customer later presents to the bank proof that the goods have entered 3- Detailed instructions will be issued that include the aforementioned
4- Organizing financial settlements for agents of money transfer companies (Western Union and MoneyGram) through Class A exchange companies through an Iraqi bank with one settlement account for all those companies.
5- Citizens can transfer the amounts allowed to be transferred up to a maximum of (7500) dollars per month through the agents of money transfer companies (Western Union and Money Gram) at the official rate (1320) dinars / dollars, and the Central Bank strengthens the accounts of these agents through a window Buying and selling foreign currency.
6- A table will be published containing the names of authorized agents and their locations, and citizens who wish to transfer personal amounts for various uses (such as family subsidies, or simple commercial uses) will be able to go directly to these agents (banks, exchange companies, or any other entities licensed by the Central Bank or It will be licensed later), for transfer at an exchange rate of (1320) dinars / dollars.
7- New uses will be added for the sale of cash dollars, which contributes to expanding the sale base for citizens to facilitate the payment of their obligations in US dollars, and in a manner that does not contradict our generalizations, and the directives previously issued by the government in this regard.
8- Allowing government and private banks and exchange companies of categories A and B to expand outlets for selling dollar cash in any of their branches, provided that this is exclusively through the FITR platform, while notifying us of the need to increase and diversify the geographical distribution of these outlets. End / 25
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