Central Bank of Iraq Demands Additional Information

The decision was taken to know the sources of the funds used in foreign exchange during the CBI dollar action

Baghdad/ Iraq TradeLink: Central Bank of Iraq (CBI) called all banks to "disclose" the names of their clients who transfer foreign currency abroad.

In a statement, the CBI will demand the information on the company and its director "when requested".

The decision was taken to know the sources of the funds used in foreign exchange during the CBI dollar action, the sources added.

This procedure shall be implemented on a monthly basis.

No other details were given.

Source: Iraq TradeLink

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