Association of Banks: Depriving Iraqi banks of the dollar is temporary and will be lifted

Association of Banks: Depriving Iraqi banks of the dollar is temporary and will be lifted

⁠link ⁠to My FX Buddies Blog https://www.myfxbuddies.com/2024/05/association-of-banks-depriving-iraqi.html

Tariq explained in a press statement that “an important part of the challenges facing the private banking sector is “depriving a group of banks from dealing in the US dollar.”

He pointed out that this deprivation “does not fall under sanctions, but rather stops the use of the dollar by banks,” stressing that it “negatively affects” these banks, noting that there is “a clear direction from the government and the central bank to solve these problems.”