“Dollar reservation”… Rafidain Bank complicates procedures for selling travelers’ quota
“Dollar reservation”… Rafidain Bank complicates procedures for selling travelers’ quota
2025-12-27 02:21
Shafaq News – Baghdad
An informed source revealed on Saturday that the process of selling dollars to travelers by Al-Rafidain Bank is done through electronic booking days before the travel date, describing it as a complex mechanism compared to other banks and exchange companies.
The source, who spoke to Shafaq News Agency, explained that banks and other exchange companies rely on direct sales where Iraqi dinars are deposited and dollars are received on the same day without complicated procedures, while Al-Rafidain Bank requires its customers to make prior reservations through the electronic platform.
He explained that the dollar is received from the Rafidain Bank outlet at Baghdad International Airport at the official rate set at (1320) dinars per dollar, noting that there have been numerous demands for the adoption of direct sales without electronic reservation or imposing conditions he described as impossible, but the bank has not responded to those demands so far.
The source pointed out that Rafidain Bank had previously suspended dollar sales due to suspicions of corruption and embezzlement of foreign currency, which led to a wide-ranging investigation into the matter. The source emphasized that the results of the investigation remain unclear.
It is worth mentioning that Rafidain Bank recently opened a new branch at Baghdad International Airport to provide banking services and facilities to citizens.
shafaq.com
