Baghdad – I.A.
The Central Bank of Iraq revealed, today, Thursday, the new mechanism for travelers to receive foreign currency (dollars), stressing that it will be exclusively through companies and banks’ outlets at international airports.
The bank said in a statement received by the (INA): “The goal of the new mechanism, which will come into effect on July 14, is to deliver the dollar to the real traveler and pass sound transactions, as well as facilitate travelers’ access to the dollar faster.”
The Central Bank reviewed the new mechanism in the statement, explaining that travelers receive their share of foreign currency (dollars) by the traveling citizen going to authorized exchange companies spread across all cities to deliver the amount in dinars equivalent to the citizen’s share of the dollar according to the official exchange rate of the Central Bank of Iraq, as the company will work to enter the traveling citizen’s data and upload his name on the electronic platform of the Central Bank of Iraq and deliver him a receipt confirming the process of depositing the dinar, to receive the cash dollar inside the airport exclusively.
He explained that, “upon completion of the departure procedures, the amount will be delivered to him in dollars through the outlets available at the airport, 24 hours a day, 7 days a week.”
He pointed out that he “decided to allow exchange companies to receive more than one share during the week in order to achieve full response to travelers’ requests.”