Central Bank: No comment on the “Western Union” money transfer service


On Thursday, the Central Bank of Iraq denied stopping the “Western Union” international bank transfer service until further notice, claiming that no such practice exists at the moment.

Zain Iraq announced earlier Thursday its commitment to implementing the Central Bank of Iraq’s directives by temporarily suspending Western Union service on December 10, 2023, in order to activate modern mechanisms and technologies to verify financial transactions in accordance with best practices. “Global practices and instructions of the Central Bank of Iraq”


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