The Iraqi Central Bank denies the disappearance of large amounts of local currency and its smuggling to some neighboring countries

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The Iraqi Central Bank denies the disappearance of large amounts of local currency and its smuggling to some neighboring countries

The Central Bank of Iraq has officially denied the rumors circulating about the disappearance and smuggling of large amounts of local currency to neighboring countries. The bank affirmed that Iraqi currency is printed according to the needs of the national economy and under strict standards. Therefore, the accusations of missing currency are incorrect.

According to a statement received by NRT Arabia, the bank has sold the first issue of Emaar bonds in full, in compliance with the Ministry of Finance’s requirements and the General Budget Law.

The statement suggests that the bank maintains complete transparency by subjecting its accounts and operations to audits by multiple entities, including the Financial Supervision Bureau, an international auditing company, a committee of external auditors, and the Internal Audit Department.

The Central Bank has stated that it will take legal action against anyone who makes accusations without providing evidence to support their claims. The bank emphasized its right to protect the country’s economic interests and to respond to such allegations, which it regards as misleading and aimed at damaging the nation’s reputation.