Central Bank allows opening accounts for money transfer companies in the bank

Central Bank of Iraq declared that it granted approval to the companies of money transfer to open accounts directly in the Bank.

A statement for the Central Bank of Iraq cited that: "The Board of Directors, in its meeting yesterday, decided to let money transfer companies to open accounts in the Bank directly deal with both / Iraqi dinar and dollar / to carry out the purchase of foreign currency."

The Bank asserted that the opening accounts for the companies directly will contribute to the expansion of auction of foreign currency and contribute in the stability of the currency exchange rate permanently.