17 Hrs
Source:
وكالة بغداد اليوم الاخبارية
Central Bank Affirms Supervision Role
A responsible source at the Central Bank of Iraq confirmed that oversight and regulation of financial and banking institutions are solely its responsibility, and security agencies only intervene to enforce judicial rulings and coordinate legally in cases of violations. He explained that security agencies are not authorized to pursue or arrest individuals dealing in foreign currencies or currency traders except under clear judicial orders and in accordance with legal procedures. He also pointed out that the Central Bank has adopted a new exchange rate for the dollar and affirms the sufficiency of its financial reserves, while the security agencies' role is limited to legal coordination only, and does not include pursuing or arresting currency traders.
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