CBI: Delivery of dollars to travellers will be exclusively through company and bank outlets at airports

Baghdad - INA

The Central Bank of Iraq revealed, today, Thursday, the new mechanism for travellers to receive foreign currency (Dollars), stressing that it will be exclusively through companies and banks’ outlets at international airports.

The bank said in a statement received by the Iraqi News Agency (INA): "The aim of the new mechanism, which will enter into force on July 14, is to deliver the dollar to the real traveller and pass sound transactions, as well as facilitate travellers' access to the dollar faster.".

The Central Bank reviewed the new mechanism in the statement by explaining that travellers receive their share of foreign currency (dollars) by the travelling citizen going to authorized exchange companies spread across all cities to deliver the amount in dinars equivalent to the citizen's share of the dollar according to the official exchange rate of the Central Bank of Iraq, as the company will work to enter the travelling citizen's data and upload his name to the electronic platform of the Central Bank of Iraq and deliver him a receipt confirming the process of depositing the dinar, to receive the cash dollar inside the airport exclusively.".

He explained that "upon completing the departure procedures, the amount will be delivered to him in dollars through the outlets available at the airport, 24 hours a day and 7 days a week.".

He pointed out that "it was decided to allow exchange companies to receive more than one share during the week to achieve full response to travellers' requests."