The Central Bank calls on merchants to visit their banks to execute outstanding transfers before October 7th.
The Central Bank calls on merchants to visit their banks to execute outstanding transfers before October 7th.
10-10-2026
The Central Bank of Iraq called on Saturday for companies and traders whose import financing transfers were due for execution before 7/10/2026 to review their banks and ensure their execution. The bank stated in a statement that “the Central Bank of Iraq is monitoring banking operations carried out before and after the exchange rate adjustment and is verifying banks’ compliance with applicable instructions and regulations to ensure the protection of the rights of traders and customers.”
The statement added that “the Central Bank calls on companies and traders whose import financing transfers were due for execution before 7/10/2026 to review their banks and ensure their execution, especially since the Central Bank had previously strengthened the banks’ accounts to cover those transfers,” stressing “the monitoring of any delay and verification that traders are not charged exchange rate differences for transfers that have been proven to have been purchased and covered at the previous rate.”
He also pointed out that “in the event of a delay in implementation or a demand for additional amounts, a complaint can be submitted through (the complaints platform of the Central Bank of Iraq) or an email can be sent to the email address ( [email protected] ) to follow up on it with the bank concerned.” He added that “the Central Bank is working in coordination with banks and electronic payment companies to launch special cards for foreign trade for small traders to facilitate the financing of their imports, according to the mechanisms and controls determined by the bank.”
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