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Central Bank Clarifies: No Plans to Close Ports or Convert to Exchange Companies

### Central Bank Clarifies Position on Ports and Currency Exchange Companies

The Central Bank of Iraq has officially stated that no decisions or directives have been made regarding the closure of ports or the conversion of these facilities into currency exchange companies. This statement aims to address concerns and speculation surrounding potential economic disruptions.

In a recent communication, the Central Bank emphasized its ongoing commitment to maintaining stability within the financial landscape. The bank reassured stakeholders that its current policies remain unchanged and that there are no immediate plans to alter the existing framework governing port operations and currency exchange mechanisms.

This clarification is crucial for businesses and investors alike, as it alleviates uncertainties that could impact trade dynamics and currency markets. By keeping the lines of communication open, the Central Bank intends to foster a climate of transparency and confidence in the Iraqi economic environment.

As Iraq navigates its economic challenges, the Central Bank’s focus on consistent policy implementation will be pivotal in promoting both internal and external confidence in the country’s financial systems. Stakeholders are encouraged to stay informed on any future developments that may arise from the bank’s ongoing assessments of economic conditions.

This revision maintains the original article’s essence while aligning it with the professional tone expected on a business and economics site.

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