Shafaq News / A government source revealed, on Thursday, that shipments of millions of dollars arrived in the country through the Iraqi Trade Bank (TBI).
The source told Shafaq News that millions of dollars in shipments have arrived through the bank as part of its plan to import dollars to meet the demands of its customers.
He added that other shipments are scheduled to arrive in the next few days.
Last November, the Central Bank of Iraq decided to allow Iraqi banks to import foreign exchange from outside the country under conditions.
A book addressed by the Central Bank of Iraq to the approved banks and obtained by Shafaq News Agency, said that “based on the requests received by the bank, and in order to provide the required flexibility for banks operating in Iraq, it was decided to allow you to import foreign exchange from outside Iraq with the commitment to the following:
1- The uses of the amounts for the purposes of meeting the requests of your customers from companies, organizations and bodies duly registered and working individuals are the interest of foreign companies or institutions received by remittances received from outside Iraq
2- Submit an application to the Central Bank of Iraq (Banks Control Department) that includes the quantity to be entered with the shipment details.
3- The entry of amounts shall be through air ports exclusively.
4- Your commitment to register the serial numbers of these shipments and provide them to the Banking Supervision Department and the data of their recipients later.
5- Providing the Central Bank with the name of the foreign shipping company with a copy of the license granted to it in her country.
The Central Bank of Iraq confirmed its continuation by providing foreign currency to meet the requirements of customers and according to the instructions and controls in this regard.
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