The Central Bank of Iraq confirmed: "Banks deprived of dealing in US dollars enjoy full freedom in dealing in Iraqi dinars with various services within the Iraqi banking system, in addition to their right to international dealings in currencies other than the US dollar."

CBI said in a statement: “Preventing Iraqi banks from dealing in dollars came against the backdrop of checking bank transfers for the past year (2022) and before applying the electronic platform and before forming the current government as well.”

CBI added: "The application of the electronic platform ensures for external transfers the safety and accuracy of transfer transactions from all sides, and that transfer operations are available and secured thanks to the expansion of transfer channels and accredited sending banks."

Source: National Iraqi News Agency