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[size=36]A new decision from the Central Bank regarding granting dollars to travelers[/size]
Economy | 04:32 - 01/07/2024
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Baghdad - Mawazine News
The Central Bank of Iraq decided, today, Monday, to grant the dollar exclusively to travelers at airports starting from July 14.
According to a document issued by the bank, it directed Rafidain, Rashid, and Iraqi Trade Banks, exchange companies currently operating at airports, and exchange companies of category A and B, that in order to ensure that travelers receive cash dollars and to avoid exchange companies from passing improper transactions, it was decided to set 7/14/2024 as the final date for starting the aforementioned mechanism, and the aforementioned banks and exchange companies operating at the airport are entitled to a fixed commission of (15,000) dinars from the customer for each transaction, and exchange companies outside the airport collect it for the benefit of companies and banks operating at the airport according to a mechanism determined between the two parties, banks and companies operating at the airport and exchange companies outside the airport.
She added that the aforementioned banks have the right to charge exchange companies no more than 2 dinars for every one dollar for the window amounts received on behalf of exchange companies, and that Al-Rasheed and Al-Rafidain Banks open outlets for them at the airports (Baghdad, Basra, Najaf) and that the Trade Bank of Iraq open outlets for it at the airports (Baghdad, Najaf, Basra, Sulaymaniyah, Erbil).
The document confirmed that exchange companies must transfer their dealings to one of the aforementioned banks by 7/11/2024 at the latest, and that the exchange companies currently operating at the airport (Rayyan, Al-Finjan, Sama Baghdad, Al-Qand) continue to operate in addition to the aforementioned banks with the possibility of other exchange companies contracting with them.
The Central Bank of Iraq decided, today, Monday, to grant the dollar exclusively to travelers at airports starting from July 14.
According to a document issued by the bank, it directed Rafidain, Rashid, and Iraqi Trade Banks, exchange companies currently operating at airports, and exchange companies of category A and B, that in order to ensure that travelers receive cash dollars and to avoid exchange companies from passing improper transactions, it was decided to set 7/14/2024 as the final date for starting the aforementioned mechanism, and the aforementioned banks and exchange companies operating at the airport are entitled to a fixed commission of (15,000) dinars from the customer for each transaction, and exchange companies outside the airport collect it for the benefit of companies and banks operating at the airport according to a mechanism determined between the two parties, banks and companies operating at the airport and exchange companies outside the airport.
She added that the aforementioned banks have the right to charge exchange companies no more than 2 dinars for every one dollar for the window amounts received on behalf of exchange companies, and that Al-Rasheed and Al-Rafidain Banks open outlets for them at the airports (Baghdad, Basra, Najaf) and that the Trade Bank of Iraq open outlets for it at the airports (Baghdad, Najaf, Basra, Sulaymaniyah, Erbil).
The document confirmed that exchange companies must transfer their dealings to one of the aforementioned banks by 7/11/2024 at the latest, and that the exchange companies currently operating at the airport (Rayyan, Al-Finjan, Sama Baghdad, Al-Qand) continue to operate in addition to the aforementioned banks with the possibility of other exchange companies contracting with them.
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