CBI Affirms Exclusive Jurisdiction Over Banking Supervision and Outlines Security Agencies' Role

mniraq - An official source at the Central Bank of Iraq confirmed that the supervision, regulation, and oversight of all financial institutions, both banking and non-banking, are under the exclusive jurisdiction of the Central Bank. The source clarified that the role of security agencies is limited to the executive coordination of law enforcement, based on official reports when violations occur. Furthermore, it was emphasized that security agencies are not authorized to pursue or detain foreign currency dealers or traders without explicit judicial warrants and in accordance with established legal procedures.