The central bank is required to provide banks with five hours to submit their applications for the purchase of foreign currency
​(Article from Vernell Washington)



The Central Bank of Iraq, on Monday, banks five hours to apply for the purchase of currency.

The bank said in a statement received / Mawazine News / a copy of it, "All banks authorized and financial transfer companies to submit applications for the sale of foreign currency from 9 am to 2 pm.

"The window will not be able to execute these requests if they come before or after this time," the bank said.

It should be noted that the bank set new conditions and instructions on banks and brokerage firms to enter the currency sale window to prevent corruption and trading in hard currency.

Article Link