Central Bank: We cover almost all currencies used by Iraq for trade purposes.

Iraqi Dinar Central Bank Governor Ali Al-Alaq confirmed on Wednesday that nearly all major currencies are covered, noting that the central bank is conducting foreign exchange transactions in all currencies smoothly and with high fluidity.
Al-Alaq said in a press statement, “The foreign transfer process has witnessed significant development over the past two years, both in terms of method, approach, and organization, as well as through direct communication and direct transfers between Iraqi banks and approved correspondent banks.”

He added, “This expansion is not only in the number of correspondent or transfer banks, but also in the number of currencies,” noting that “the Central Bank covers almost all the currencies used by Iraq for large-scale trade.”

He stressed that “the Central Bank is currently conducting transfers in almost all major currencies, and they are proceeding smoothly and with high fluidity.”

Alforatnews.iq