Central Bank of Iraq Decision

Dear Member,
In the letter sent to our Chamber by TOBB, with reference to the letter received from the Ministry of Trade dated 07.02.2024 and numbered 93755070, the referenced letter, a copy of which is attached, explains that, with reference to the decision of the Central Bank of Iraq dated 20.07.2023 and numbered 9/2/414, it was previously announced that various Banks have been banned from using US dollars in their banking services.

The letter further states that on 04.02.2024, 8 more banks were added to the list of financial institutions banned from carrying out transactions in US Dollars on the official website of the Central Bank of Iraq, and conveys that it would be useful to refer enquiries to the Commercial Counsellor's Office in Baghdad for detailed information on the subject.

Annex: Central Bank of Iraq Decision

Kind regards,
Elazığ Chamber of Commerce and Industry