The Central Bank of Iraq issued an official call today, Saturday, urging all traders to visit their local banks in order to finalize financial transfers whose execution was due before the seventh of October 2026. An official statement released by
the financial institution explained that the competent authorities are continuously monitoring and processing banking transactions conducted both before and after the exchange rate adjustment, alongside verifying the commitment of banking institutions to active regulations and rules to fully protect the
rights of customers and clients. The statement emphasized the necessity for company owners and commercial entities, whose import-funding transfers were scheduled for execution prior to the aforementioned date, to coordinate with their respective banks to ensure completion, especially since the
Central Bank had previously reinforced banks' accounts specifically to cover those transactions. The statement noted that any potential delays will be monitored, and checks will be conducted to ensure traders are not burdened with exchange rate differences for transfers proven
to have been purchased and covered under the previous rate. The institution expressed readiness to receive complaints in case of any delays or requests for additional unauthorized amounts through the dedicated complaints platform or the official email ([email protected]) to follow
up with the concerned bank. Concluding the statement, the bank indicated that it is continuing its efforts in joint coordination with banks and electronic payment companies to issue special banking cards dedicated to foreign trade financing for small traders, aiming
to facilitate their import operations in accordance with established regulatory frameworks.
