Central Bank oversees licensed banks

The directive focused on instructing the Iraqi Central Bank to require licensed banks to complete foreign transfer transactions within four days, with a warning that violations would face sanctions. This measure aims to support import operations and to control the parallel currency market, striving to improve transfer processes and reduce financial speculation. Additionally, the directive is part of the bank’s efforts to coordinate financially and regulate the market, emphasizing the importance of adhering to the specified deadline to avoid penalties.

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تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي

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