The Central Bank of Iraq issued a warning against transmitting and circulating reports that exchange outlets have been closed, confirming that it has issued no decision, directive or statement on closing outlets or transferring them to exchange companies. It also reiterated its policy of expanding cash delivery points across Iraq through multiple channels. The expansion approach covers automated teller machines (ATMs), POC cash payment machines, authorised exchange companies, outlets of electronic payment companies and electronic point-of-sale (POS) payment machines. The central bank also highlighted its circulars to the Iraqi financial and banking sector directing banks and non-banking financial institutions to expand financial services in areas that lack these services, and urged stakeholders to rely on official communications published via its website and verified social media pages.
Central Bank of Iraq 2025-01-18
Central Bank of Iraq warns against rumours of exchange outlet closures and reiterates cash access expansion plans
The Central Bank of Iraq warned against false reports of exchange outlet closures, affirming no such directives were issued and emphasizing its policy to expand cash delivery points through various channels. It urged reliance on official communications for accurate information.