Central Bank: No comment on the “Western Union” money transfer service

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Central Bank: No comment on the “Western Union” money transfer service

On Thursday, the Central Bank of Iraq denied rumors that the international financial transfer service “Western Union” had been suspended indefinitely. The bank confirmed that the service is currently operating as normal.

Zain Iraq has announced its commitment to implement the directives of the Central Bank of Iraq by discontinuing the Western Union service starting on December 10, 2023. This temporary move aims to activate modern mechanisms and technologies for verifying financial transactions that align with the best practices and global instructions of the Central Bank of Iraq.