Central Bank Gives Licensed Banks Four Days to Complete External Transfers

mniraq - The Central Bank of Iraq has instructed all licensed banks to complete external transfer operations within a maximum period of four days, warning of strict punitive measures against institutions that exceed the specified deadline. Informed sources stated that the directive was issued via an official letter emphasizing strict compliance with timelines for external transfer transactions. This measure aims to support import operations and curb currency speculation while effectively controlling the parallel foreign exchange market.