The Central Bank of Iraq reduces the dollar quota for travelers to $2,000.

An informed source revealed on Tuesday morning that the Central Bank of Iraq has issued new directives to reduce the share of foreign currency (dollars) for travelers to $2,000 instead of $3,000, as part of the approved mechanism to meet travel requests.

The source told Shafaq News Agency that the decision will include Iraqi citizens departing through all airports and border crossings, whether they are heading for tourism, medical treatment, study, performing Hajj and Umrah rituals, as well as business trips.

He explained that the mechanism for delivering the funds will remain unchanged, through government and private banks and approved exchange companies, where the traveler receives his share after his passport is stamped and before the flight’s departure time.

The source added that the new instructions included travelers whose circumstances require additional amounts (for exceptional medical or commercial reasons) relying on electronic payment cards and loading them with additional balance, stressing that spending outside Iraq through these cards will be done according to the official exchange rate of 1320 dinars per dollar. Arabs& Middle Easterners

Shafaq.com