CBI Starts Opening Accounts for Money Transfer Companies

Central Bank of Iraq announced  that its granting approval to the companies of money transfer to open accounts directly in the CBI.

 According to a statement for the Central Bank of Iraq stated that "The Board of Directors, in its meeting yesterday, decided to allow money transfer companies to open accounts in the Bank directly to deal with both Iraqi dinar and US dollar to carry out the purchase of foreign currency."

The Bank in its statement indicated that the opening accounts for the money transfer companies in Iraq directly will contribute to the expansion of auction of foreign currency and contribute in the stability of the currency exchange rate permanently.

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