Central Bank: New measures to address banks’ inability to deal in dollars
Central Bank: New measures to address banks’ inability to deal in dollars
2026-03-22
The Central Bank of Iraq announced on Sunday that it has taken several measures to address the problems of Iraqi banks that are deprived of dealing in dollars. The director of the transfers department at the Central Bank, Ahmed Dawood Salman, told the official agency that “the Central Bank is continuing its procedures with international auditing companies in order to audit the previous transfer process that led to some Iraqi banks being deprived of dollars or any problems that Iraqi banks were facing that led to them being deprived of dealing in dollars.”
He added that “there are several conditions and procedures that the Central Bank has imposed on banks, as the Director General of the Investment Department for Foreign Transfers and the Director General of the Banking Supervision Department are working on this matter with the auditing firm (Olive Wyman) and we will continue and we will notice the changes in the coming days.”
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