In a recent development, Iraq's central bank has decided to revoke the operating license of Iran's Bank Melli, a move that has sent shockwaves through the financial sector. This decision comes in the wake of growing concerns about the economic stability and the integrity of banking systems within the region.
Bank Melli, one of Iran's largest state-owned banks, had been operating in Iraq for several years. However, the central bank's decision to revoke its license is seen as a significant blow to the bank's operations and its ability to conduct business in Iraq.
