Governor of the Central Bank of the Security Forces: Transferring dinars and dollars is permitted inside Iraq
Governor of the Central Bank of the Security Forces: Transferring dinars and dollars is permitted inside Iraq
2023-02-25 11:16
Shafaq News/ The Governor of the Central Bank, Ali Mohsen Al-Alaq, issued a number of directives during his meeting with security leaders, among which was to confirm that the transfer of dinars and dollars is permitted inside Iraq.
A bank statement received by Shafaq News agency stated, “The Governor of the Central Bank of Iraq, Ali Mohsen Ismail Al-Alaq, received a number of leaders of the security services and owners of exchange companies and brokers in buying and selling foreign currency.”
Al-Alaq discussed ways of coordination and procedures between the Central Bank and the concerned agencies, and defined roles and tasks in light of the directives of the Commander-in-Chief of the Armed Forces. During the meeting, the following was directed:
1- The Central Bank is the sole authority responsible for monitoring and inspecting banks, exchange companies, and non-banking financial institutions licensed by the Central Bank, based on its law.
2- The transfer of cash (in dinars and dollars) and any other currencies is permitted inside Iraq for all natural and legal persons, including banks, exchange companies and mediation companies in the sale and purchase of foreign currency, and their branches in all governorates.
3- With the aim of preventing the exit of cash funds across borders and ports, which exceed what is specified in the instructions of the Central Bank (10,000) ten thousand dollars, the competent security authorities follow up and inspect vehicles on the roads and paths leading to the borders to prevent smuggling and take legal measures in coordination with the Central Bank, with Providing the bank with the amounts of the discovered banknotes and their serial numbers.
4- The sums sent from banks and companies to their branches are accompanied by documents from the sending party showing the details of the sender and the recipient, and they are presented at the external control points upon request, and in the event of a suspicion or a need for confirmation, a contact is made with the Banking Control Department at the Central Bank on the numbers (07809224663 – 07853330555). – 07721111418 )
5- Banks and companies shall notify the Central Bank in the event that they are subjected to procedures, inspection visits, or interference in their business by non-employees. The governor praised the role of the security authorities in uncovering attempts to smuggle dollars in the past days.
shafaq.com
