“TBI” announces that US dollar “USD” for travel purposes can only be obtained through one of TBI branches

As per Central Bank of Iraq “CBI” instructions, Trade Bank of Iraq “TBI” announces that US dollar “USD” for travel purposes can only be obtained through one of TBI branches which are spread throughout Baghdad and other Iraqi provinces according, as per amount allocated for that regard..

Please note that this process does not involve a link or prior electronic reservation. The cash USD application is submitted to one of the bank’s branches, and the USD amount shall only be collected from TBI’s USD Exchange outlet located at Baghdad International Airport (Babylon Hall) after completing the traveler’s departure procedures (after passing form passport stamping area).

The necessary requirements as outlined below:

Requirements:

A valid Iraqi passport with a valid visa or residency.
Civil status ID and nationality certificate or national ID.
Residency card.
A valid travel ticket.
Submit an undertaking not to purchase foreign currency from another source within Iraq for a period of one month.
The traveler must be an Iraqi citizen aged over 18 years.

Purchase Mechanism:

The IQD amount shall be deposited with the specified TBI branch, ensuring that the amount in Iraqi Dinars equals the value of the USD amount allocated for travel purposes.
USD amount can only be collected from t Trade Bank of Iraq’s outlet at Baghdad International Airport (Babylon Hall) by presenting the deposit slip given to the customer when the amount was deposited in Iraqi Dinars.
The maximum period for depositing shall fall three (3) days before the travel date.
The US dollars shall not be delivered to the traveler until boarding pass is completed (and getting passport stamped.
TBI exchange outlet at Baghdad International Airport designated for delivering travel dollars will be available every day 7/24.

This procedure is compliance with the new mechanism approved by Central Bank of Iraq for the traveler to review financial institutions directly, and cancels the previous mechanism approved by Trade Bank of Iraq regarding booking via electronic link for registration.