PM:06:33:18/10/2025
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The Central Bank of Iraq (CBI) said on Saturday that it will introduce a series of measures beginning next month to prevent the smuggling of U.S. dollars out of the country. The decision is part of a broader effort to regulate foreign currency transfers and strengthen transparency in customs clearances.
According to the CBI, the new system will contribute to greater consistency in financial procedures and reduce errors in business transactions. The bank emphasized that these reforms aim to align Iraq’s financial practices with international standards and ensure greater oversight of currency flows within and outside the country.