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Document .. The Central Bank of Iraq issues four strict directives to exchange companies regarding the sale of the dollar
economy breaking Central Bank of Iraq
2023-08-09T13:48:27+00:00
Shafaq News/ The Central Bank of Iraq issued, on Wednesday, four strict directives to exchange companies regarding selling dollars to travelers.
The bank said in an official letter addressed to exchange companies under the categories (A, B), obtained by Shafaq News Agency, that
"based on the bank's oversight and supervisory role, and
for the purpose of controlling cash sales of dollars to travelers through the electronic platform (FITR),
we call upon your companies Commitment to carrying out cash dollar sales in accordance with the
instructions and controls in force,
strictly adhering to their requirements, and
using them for the specified purpose exclusively, and for eligible persons after verifying their original documents, and
failure to comply with what was mentioned will result in imposing a penalty for depriving the violating company of the dollar, and
it may reach withdrawing the company’s license". He added,
"The Central Bank keeps the sequences of banknotes that companies receive through banks, and
therefore finding them with speculators and unlicensed people holds the company that leaked them responsible for that, and commits them to a serious violation that may be punished by withdrawing the company's license, as well as judicial procedures." And he continued,
"The non-merged companies have been given long and sufficient deadlines, and the
date of 12/31/2023 will be the last date for submitting merger applications, and the
allocation of companies' shares from cash dollars after this date will be contingent on achieving the merger." And the bank concluded,
“Starting from the date of 8/8/2023, the company’s entry to the window for buying and selling foreign currency will be suspended in the event that (3) complaints are received against it from citizens, which prove their validity, until it submits a mechanism or program to control the sale duly approved by this bank.”
And in the event of a repeat of the violation, this bank will permanently prevent the company from entering the foreign currency buying and selling window.
https://media.shafaq.com/media/arcella/1691588898458.jpg
https://shafaq.com/ar/اقتصـاد/وثيقة-البنك-المركزي-العراقي-يصدر-اربعة-توجيهات-صارمة-لشركات-الصرافة-بش-ن-بيع-الدولار
economy breaking Central Bank of Iraq
2023-08-09T13:48:27+00:00
Shafaq News/ The Central Bank of Iraq issued, on Wednesday, four strict directives to exchange companies regarding selling dollars to travelers.
The bank said in an official letter addressed to exchange companies under the categories (A, B), obtained by Shafaq News Agency, that
"based on the bank's oversight and supervisory role, and
for the purpose of controlling cash sales of dollars to travelers through the electronic platform (FITR),
we call upon your companies Commitment to carrying out cash dollar sales in accordance with the
instructions and controls in force,
strictly adhering to their requirements, and
using them for the specified purpose exclusively, and for eligible persons after verifying their original documents, and
failure to comply with what was mentioned will result in imposing a penalty for depriving the violating company of the dollar, and
it may reach withdrawing the company’s license". He added,
"The Central Bank keeps the sequences of banknotes that companies receive through banks, and
therefore finding them with speculators and unlicensed people holds the company that leaked them responsible for that, and commits them to a serious violation that may be punished by withdrawing the company's license, as well as judicial procedures." And he continued,
"The non-merged companies have been given long and sufficient deadlines, and the
date of 12/31/2023 will be the last date for submitting merger applications, and the
allocation of companies' shares from cash dollars after this date will be contingent on achieving the merger." And the bank concluded,
“Starting from the date of 8/8/2023, the company’s entry to the window for buying and selling foreign currency will be suspended in the event that (3) complaints are received against it from citizens, which prove their validity, until it submits a mechanism or program to control the sale duly approved by this bank.”
And in the event of a repeat of the violation, this bank will permanently prevent the company from entering the foreign currency buying and selling window.
https://media.shafaq.com/media/arcella/1691588898458.jpg
https://shafaq.com/ar/اقتصـاد/وثيقة-البنك-المركزي-العراقي-يصدر-اربعة-توجيهات-صارمة-لشركات-الصرافة-بش-ن-بيع-الدولار
