Central Bank of Iraq: No decision or directive has been issued regarding the closure of exchange outlets
Central Bank of Iraq: No decision or directive has been issued regarding the closure of exchange outlets
2025-01-18
Shafaq News/ The Central Bank of Iraq denied, on Saturday, the issuance of any decision, directive or statement regarding closing exchange outlets or converting them into exchange companies, calling for caution in transmitting and circulating news that these outlets are closed.
The bank explained in a statement today that the Central Bank’s statement issued recently stipulates: expanding the spread of cash delivery outlets through all available channels, including ATMs, POC cash payment devices, as well as authorized exchange companies, electronic payment company outlets, and POS electronic payment devices spread throughout Iraq.
The statement stressed the need to transmit news from its official sources, which are published on its official website and verified social media pages.
He stressed in his circulars issued to all parties in the Iraqi financial and banking sector, which included directing banks and non-banking financial institutions to expand their financial services in areas that lack the aforementioned services.
Electronic payment outlets announced last Friday evening a complete closure starting next Monday in protest against the statements of the Central Bank Governor Ali Al-Alaq, who indicated that the commissions in the outlets are not licensed by the bank, and announced a plan to transfer operations to exchange companies.
shafaq.com
