2024-01-25T07:07:56+00:00
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/ An official source revealed, on Thursday, that Rafidain Bank has stopped delivering dollars to travelers.
The source told Agency that the stop came for many reasons, most notably the failure to receive the required share of the dollar from the Central Bank of Iraq.
He stated that the Central Bank suspended the bank’s share of the dollar, even though the bank had directed banks to prepare to meet their requests for the dollar.
The source indicated that the bank’s investigation issues regarding the embezzlement of dollar amounts at the Baghdad International Airport port also contributed to the suspension of its share of the dollar.
Last January, the Central Bank of Iraq decided to include banks that are allowed to participate in the electronic platform and wish to participate in selling cash dollars for travel, treatment, and study purposes.
The bank directed the government banks (Al-Rafidain – Al-Rashid – Trade Bank of Iraq (TBI)) to expand outlets selling cash dollars to travelers at the country’s airports (Baghdad – Basra – Najaf – Erbil – Sulaymaniyah).
It is noteworthy that the Central Bank, in cooperation with the federal government, issued strict instructions to limit the smuggling of hard currency out of the country.