CBI Governor receives a number of merchants

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His Excellency the Governor of the Central Bank of Iraq, Mr. Mustafa Ghaleb Makhaif, with the advanced staff at the Central Bank today, Tuesday, received a number of merchants. During the meeting, they discussed the most important concerns and proposals of merchants and the most important challenges they face in dealing with licensed banks, wishing them to avoid resorting to brokers and speculators, and to deal directly with banks that provide various banking services. His Excellency also explained the procedures and decisions of the CBI during the past days to enhance stability in the foreign currency market and the mechanisms of the electronic platform as a tool for external transfer.

At the end of last month the CBI confirmed that merchants should went to banks directly and not to brokers and speculators to avoid charging their imports with undue commissions and expenses, noting what was issued by the Council of Ministers in its decision No. (351) of 2022 regarding non-payment of customs duties and deposit amounts. tax in advance, as this will reduce extra cycles, ease procedures, and remove costs resulting from pre-demarcation problems. Also stressed that the Central Bank continues to work to simplify external transfer procedures through official channels and at the official exchange rate for merchants, in light of the launch of the electronic platform for external transfer at the beginning of this year. CBI called on other competent government agencies to facilitate merchants' procedures to ensure full disclosure of all transactions and ensure their safety.

 

CBI

Media Office

2023/1/10