Central Bank Directs Facilitation of External Transfers and Bank Balances

mniraq - The Central Bank of Iraq has issued a comprehensive directive to all licensed banks instructing them to facilitate external transfer procedures for customers and streamline banking transactions, alongside enhancing their overseas account balances according to operational needs. According to documents issued by the bank's investment department, support will be provided for banks' foreign balances with exemptions from the deposit duration condition via the RTGS system. This directive addresses observed delays in issuing letters of credit for traders and importers.