Central Bank of Iraq Governor receives security services leaders and owners of exchange companies
His Excellency the Governor of Central Bank of Iraq, Mr. Ali Mohsen Ismail, received, yesterday, Thursday, a number of leaders of the security services and owners of exchange and mediation companies in the sale and purchase of foreign currency. His Excellency discussed ways of coordination and procedures between the Central Bank and the concerned agencies, and defining roles and tasks in light of the directives of the Commander-in-Chief of the Armed Forces.
During the meeting, following directed:
1. The Central Bank is the sole authority responsible for monitoring and inspecting banks, exchange companies, and non-banking financial institutions licensed by the Central Bank, based on its law.
2. The transfer of cash (in dinars and dollars) and any other currencies permitted inside Iraq for all natural and legal persons, including banks, exchange companies and mediation companies in the sale and purchase of foreign currency and their branches in all governorates.
3. preventing the exit of cash funds across borders and ports, which exceed what is specified in the instructions of the Central Bank (10,000) ten thousand dollars, the competent security authorities follow up and inspect vehicles on the roads and paths leading to the borders to prevent smuggling and take legal measures through Providing CBI of discovered banknotes amounts and their serial numbers.
4. The sums sent from banks and companies to their branches should accompanied by documents from the sending party showing the details of sender and addressee and they are submitted to check points upon request in suspicion or need to be sure, contact the Banking Control Department at CBI on (07809224663 - 07853330555 - 07721111418 )
5. Banks and companies shall notify the Central Bank that they are subjected to procedures, inspection visits or interference in their business by non-employees CBI.
Governor praised the security authorities role in uncovering attempts to smuggle dollars in the past days.
Central Bank of Iraq
Media Office
2023/2/24
