The vital bank of Iraq (CBI) has issued a press release claiming significant reward from an global economic Fund (IMF) task, led via Jean-Guillaume Poulain, following meetings from 4th to thirteenth of may additionally, 2025.
The CBI announcement, broadly reported in nearby and global press, cites the submit-assembly file from the IMF,The document takes a extra nuanced view of achievements to date.
It does, but, commend the CBI for the successful transition to the new trade finance gadget, saying:
“exchange finance is now completely processed by commercial banks thru their correspondent banking relationships.
“This has additionally supported the latest decline within the unfold between the professional and parallel market alternate prices.
“though, similarly efforts are had to in addition lessen the spread, together with through implementing Iraqi dinar utilization for automobile and real property transactions, enhancing customs controls to cut back smuggling, and simplifying FX get admission to.”
Press release from CBI. [Arabic]
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