According to the Finance Committee of Parliament, the Central Bank of Iraq recently implemented additional controls inside the dollar exchange system for tourists in order to avoid fraud.
MP Mueen Al-Kadhimi, a committee member, informed Shafaq News Agency that the Central Bank has lately adopted numerous steps, the most recent of which is the fingerprint and a camera for the aim of disbursing $3,000 to genuine passengers and not duplicating it with more than one person.
And Al-Kazemi indicated that some people are using tricks to receive the dollar at the official price by purchasing 50-100 travel tickets and an entry visa (Visa) by land, which costs $25, in collusion with tourism and exchange companies, indicating that these people receive each A passport worth $3000, and a month later they repeat the same entry visa, receiving $3000 for the same passports.
He also stated that genuine passengers were denied getting the dollar as a result of these individuals and the participation of travel and exchange organizations, emphasizing that recent efforts will prevent this fraud from repeating.
The Iraqi authorities demand passengers to submit their trip ticket and “Visa” to enter the nation they wish to visit before selling them three thousand dollars at the Central Bank of Iraq’s official pricing.
Currency traders took advantage of this move by obtaining hundreds of passports from ordinary people and purchasing trip tickets and entrance permits in order to purchase dollars at the official price and sell them at the parallel market price, earning millions of dinars every day.