Iraq Bans 8 Local Banks from US Dollar Transactions

FILE PHOTO: FILE PHOTO: An Iraqi man walks at the headquarters of the Central Bank of Iraq in Baghdad

Iraq Bans 8 Local Banks from US Dollar Transactions

In a recent development, the Central Bank of Iraq has banned eight local banks from conducting any transactions in US dollars. This move comes as part of the government's efforts to combat money laundering and ensure the stability and integrity of the country's financial sector.