In the document.. The Iraqi Central Bank specifies the conditions for importing foreign exchange from abroad

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In the document.. The Iraqi Central Bank specifies the conditions for importing foreign exchange from abroad

On Wednesday, the Central Bank of Iraq announced the requirements for importing foreign currency into the country.

The Central Bank has notified all licensed banks, outlining the following obligations that must be met.

1 – The funds will be utilized to fulfill requests from registered companies, organizations, and individuals working for foreign entities who receive mobile phones from outside Iraq.

2- Submit a request to the Banking Control Department of the Central Bank of Iraq, including the quantity to be entered from the shipment details.

3-Funds can only be entered through airports.

4- It is necessary to register the serial numbers of the shipments and provide the Banking Control Department with the data of their recipients at a later time.

5- To meet customer requests, the Central Bank requires the name of the foreign shipping company and a copy of the license granted to it in its country. The Central Bank has confirmed that it continues to provide foreign currency in compliance with the relevant instructions and controls.