Selecting the correct SWIFT code for international wire transfers can be a source of confusion for many. What appears to be a straightforward step often involves unexpected complexities and uncertainties. In Iraq, understanding the Central Bank’s SWIFT code is particularly crucial—not only to prevent unnecessary delays but also to ensure secure and efficient fund transfers.
The SWIFT/BIC code for the Central Bank of Iraq is CBIRIQBAXXX . This identifier is used in international transactions to distinguish the bank’s financial institution. However, it is important to note that the Central Bank of Iraq may use different SWIFT/BIC codes across various service providers or its branch networks. If you are uncertain which code to use, verifying with the recipient or contacting the bank directly for the most up-to-date information is strongly advised.
Key Details for Reference
- Bank Name : Central Bank of Iraq
- SWIFT/BIC Code : CBIRIQBAXXX
- Address : Rasheed Street
- City : Baghdad
- Country : Iraq
Accuracy in providing the SWIFT code is critical. An incorrect code may result in delayed transactions or even irreversible transfer failures. Confirming the code’s validity before initiating a transfer significantly increases the likelihood of a successful transaction.
When selecting a remittance service, fees, processing times, and service quality may vary between financial institutions. Comparing multiple providers can help identify the most suitable option for your needs, ensuring timely and secure delivery of funds.
Whether you are an individual or a business, familiarity with the Central Bank of Iraq’s SWIFT code and related transfer protocols forms the foundation of seamless international financial transactions.