Document.. 8 Iraqi banks banned from participating in the window of buying and selling foreign currency

[RJG]

Document.. 8 Iraqi banks banned from participating in the window of buying and selling foreign currency

EconomyIraqi Banks

2024-02-04 06:42Font

Shafaq News / An official document issued by the Central Bank of Iraq showed that 8 Iraqi banks were banned from participating in the window of selling and buying foreign currency.

The document, re-exported by Shafaq News, included a ban on banks from participating in the window of buying and selling foreign currency and not dealing in dollars.

The eight banks are (Iraqi Investment Bank, Kurdistan International Islamic Bank, Union Bank of Iraq, Al-Huda Bank, Ashur International Investment Bank, South Islamic Bank for Investment and Finance, Arab Islamic Bank and Hammurabi Commercial).

 

 

 

https://www.shafaq.com/ar/اقتصـاد/وثيقة-حظر-8-مصارف-عراقية-من-الاشتراك-في-نافذة-بيع-وشرا-العملة-ال-جنبية

[nannab]

Hopefully Malaki's bank was one of them.

Thank you RJG  👍  Good morning DV 

[RJG]

Banning 8 Iraqi banks from participating in the foreign currency buying and selling window (document)
Iraq


Sunday, February 4, 2024 4:34 PM

Baghdad/National News Center
An official document issued by the Central Bank of Iraq showed that 8 Iraqi banks were banned from participating in the foreign currency buying and selling window.
The document included prohibiting banks from participating in the foreign currency buying and selling window and not dealing in dollars.

The eight banks are (the Iraqi Investment Bank, the Kurdistan International Islamic Bank, the Iraqi Union Bank, Al-Huda Bank, the Assyria International Investment Bank, the South Islamic Bank for Investment and Finance, the Arab Islamic Bank, and Hammurabi Commercial Bank).

https://nnciraq.com/249032/

 

 

[RJG]

Iraq prevents 8 local banks from dealing in US dollars

February 4, 2024
Baghdad/Al-Masala Al-Hadath: An official document issued by the Central Bank of Iraq showed that 8 Iraqi banks were banned from participating in the foreign currency buying and selling window.
The document included prohibiting banks from participating in the foreign currency buying and selling window and not dealing in dollars.
The eight banks are (the Iraqi Investment Bank, the Kurdistan International Islamic Bank, the Iraqi Union Bank, Al-Huda Bank, the Assyria International Investment Bank, the South Islamic Bank for Investment and Finance, the Arab Islamic Bank, and Hammurabi Commercial Bank).
The main source of hard currency (America) prevents Iraqi banks from accessing the daily dollar auction organized by the Central Bank of Iraq, according to Reuters.
Iraq is a rare ally of both the United States and Iran with reserves of more than $100 billion in the United States, and relies heavily on the goodwill of Washington to ensure that its access to oil revenues and finances are not hampered.
A US Treasury Department spokesman said: We commend the continued steps taken by the Central Bank of Iraq to protect the Iraqi financial system from misuse, which has led to legitimate Iraqi banks achieving international connectivity through compatible banking relationships.
In July 2023, Iraq banned 14 banks from conducting dollar transactions as part of a broader crackdown on the smuggling of dollars into the Iraqi banking system.
The central bank says that banks banned from dealing in dollars are allowed to continue operating and are allowed to conduct transactions in other currencies.
https://almasalah.com/archives/81810

[BETTYBOOP]

These clowns will never learn. 

[T B]

Iraqi Dinar The CBIs Revalue Dilemma #iqd

[bkeiller]

1 hour ago, BETTYBOOP said:

These clowns will never learn. 

 

14 banks banned in July 2023 from buying $$$, down to 8 banks in January 2024.

Six banks over six months: Some clowns are learning? 

 

Just wait until all these banksters move over to BRICS: all the theives, murderers, commies, and dictators in one group.

I am sure that will go well. 😆 🤡