The Central Bank of Iraq strongly denied recent claims about restrictions on the Bank of Baghdad’s dollar transactions. These rumors spread quickly, raising concerns among businesses and individuals relying on foreign transfers. However, the central bank firmly stated there are no suspensions or limitations affecting the bank’s ability to process U.S. dollar transactions.
According to the Central Bank of Iraq, the Bank of Baghdad continues to operate under full compliance with national monetary rules. It follows all banking procedures and meets the necessary regulatory standards. The Bank of Baghdad remains one of Iraq’s most trusted and solvent financial institutions.
This reassurance came at a time when uncertainty had begun to cloud public confidence. Some believed that stricter controls might hurt dollar access. But in reality, the Bank of Baghdad’s dollar operations continue normally. The Central Bank emphasized this clearly, urging citizens and investors not to rely on misleading information.
Furthermore, the Central Bank highlighted the strength of Iraq’s banking system. It pointed to the Bank of Baghdad’s consistent performance and contribution to the financial sector. For years, the bank has played a vital role in managing both domestic and foreign currency services.
The Bank of Baghdad’s dollar operations continue normally, according to the Central Bank, despite recent speculation. This consistent message should calm the market and stop further rumors from spreading.
As financial rumors can quickly harm public trust, the Central Bank called on media platforms to verify news before publishing. Transparency and accuracy remain essential in maintaining economic stability.
In addition, the Central Bank encouraged all financial institutions to communicate directly with the public when misinformation arises. Clear communication helps prevent panic and maintains the smooth functioning of the economy.
The Central Bank of Iraq reiterated that the Bank of Baghdad continues to perform strongly and respects all regulations. Its dollar operations face no interruption, and all foreign transfers proceed as usual.
The Bank of Baghdad’s dollar operations continue normally, with no threat of suspension or restriction. This confirmation should bring relief to customers, business owners, and investors across the country.