rafidainscope - The Central Bank of Iraq has issued strict directives to all licensed banks, mandating the completion of foreign transfer operations within a maximum of four business days, while warning of regulatory penalties for non-compliant institutions.
An official source revealed that the monetary authority dispatched an official communication emphasizing absolute adherence to the designated timeframe for external financial transactions. This measure aims to streamline import activities, support commercial operations, and curb market speculation to maintain exchange rate stability.
