8 Mins
Source:
الاقتصادية
Iraqi Central Bank details currency replacement
The Iraqi Central Bank has clarified the mechanism for exchanging damaged currencies through an electronic system. Damaged currencies are exempt from fees as long as the damage is not due to negligence. Replacement requests are submitted directly through banks, where citizens can deposit damaged currencies and be given a schedule for review and collection. Damaged currencies are exchanged free of charge if the damage resulted from unavoidable circumstances; however, in cases of negligence, this is subject to rates and fees according to the approved instructions.
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