The Iraqi Central Bank plans to cancel the electronic platform for external transfers

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The Central Bank of Iraq intends to retain the computerized platform for external transfers for audit and statistics purposes, and to progressively terminate it throughout the current year 2024, culminating in its total deletion by the end of the year.

According to a document the bank issued and received, this is all part of the Central Bank of Iraq’s effort to support Iraqi banks in building strong banking relationships with the international and regional banking sectors in a way that maintains the integrity of the Iraqi banking sector and complete compliance with international standards and their requirements.

The Central Bank of Iraq intends to retain the computerized platform for external transfers for audit and statistics purposes, and to progressively terminate it throughout the current year 2024, culminating in its total deletion by the end of the year.

According to a document the bank issued and received, this is all part of the Central Bank of Iraq’s effort to support Iraqi banks in building strong banking relationships with the international and regional banking sectors in a way that maintains the integrity of the Iraqi banking sector and complete compliance with international standards and their requirements.