CBI announces the reinstatement for exchange companies previously deprived of dollar transactions

Economy

3-08-2023, 10:52

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Baghdad-INA

The Central Bank of Iraq - CBI announced on Thursday, the reinstatement for exchange companies previously deprived of dollar transactions.

"CBI announced the reinstatement of a large number of exchange companies that were previously deprived of dealing in the dollar currency in the governorates of (Nineveh, Anbar, Kirkuk, Salah al-Din), as the security conditions after the terrorist ISIS, in those governorates, to led to their suspension from work," stated CBI media office, in a statement received by the Iraqi News Agency (INA).

“The reinstatement of these companies came after strenuous efforts made in cooperation with security and auditing agencies", The statement added, "the above decision would enhance the transactions of dollar currency in these governorates to meet legitimate demands which in turn would help stabilize the exchange rate".