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The Iraqi central bank instructs banks to facilitate foreign transfers and exempts them from the deposit duration requirement through RTGS.

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18/10/2026 | 02:58 PM


Baghdad – The Central Bank of Iraq called today, Sunday, all licensed banks to facilitate external transfer procedures for customers who have completed their transactions, exempting them from the deposit duration requirement through the Real-Time Gross Settlement (RTGS) system.
The bank stated, in a statement received by the news video agency, that "the Central Bank of Iraq has called on all licensed banks to facilitate external transfer procedures for customers with completed transactions."
The statement added that the bank will work to enhance the balances of banks' accounts abroad as needed, in addition to exempting them from the deposit duration requirement through the (RTGS) system, which contributes to facilitating external transfer procedures.