The Central Iraqi denies that the cash sale of US dollars has stopped

The Central Iraqi denies that the cash sale of US dollars has stopped

2023-01-29 23:38

The Central Iraqi denies that the cash sale of US dollars has stoppedShafaq News/ The Central Bank of Iraq denied, on Sunday, restricting the cash sale of the US dollar.

A statement by the Central Bank received by Shafaq News agency stated; The Central Bank of Iraq denies preventing or restricting the sale of cash to citizens, and that electronic registration ensures that the citizen’s need for dollars is met and prevents repeated sales to the same person.

The statement indicated; The (Central Bank) “considers this procedure as an opportunity for citizens to obtain dollars for legitimate purposes without restrictions.”

The Central Bank of Iraq called on all media and the public to rely on the media office of the Central Bank of Iraq to obtain information related to the activities and procedures of the Central Bank of Iraq, according to the statement.

Yesterday, Saturday, an official source in the Central Bank of Iraq revealed that the bank had taken a new step, which would lead to a rise in the exchange rate of the dollar against the Iraqi dinar in the local market.

The source told Shafaq News agency, “The Central Bank of Iraq will work from Sunday, to stop (cash sales), and cash will be sold only through an electronic platform, which will reduce the value of cash sales.”

shafaq.com