Parliament hosts the governor and officials of the Central Bank regarding sanctions on Iraqi banks
Member of the Parliamentary Finance Committee, Moin Al-Kadhimi, confirmed on Thursday that the Governor of the Central Bank and its senior officials will be hosted to discuss the sanctions imposed by the US Treasury on a number of Iraqi banks.
Al-Kadhimi told Shafaq News Agency, “The Finance Committee will host the Governor of the Central Bank and its officials to discuss the sanctions issued by the US Treasury Department against Iraqi banks and the measures taken by the bank to maintain the dollar exchange rate in the market.”
He added, “The meeting will discuss the measures taken by the Central Bank regarding financial transfers and facilitating procedures for merchants to obtain dollars through the window for buying and selling foreign currency.”
He stressed that “the meeting will be held at the end of this month and will also discuss the Central Bank’s measures to confront the challenges and decisions issued by the US Federal Bank.”
Yesterday, Wednesday, the Parliamentary Economy, Industry and Trade Committee and the Iraqi Banks Association said that the banks banned by the US Treasury constitute 50% of private banks in Iraq.
This came during the hosting of the committee headed by Representative Ahmed Salim Al-Kanani and in the presence of its members, the Iraqi Banks Association, and directors of private banks, according to a statement issued by the committee.
Yesterday, Wednesday, in a statement to Shafaq News Agency, member of the Parliamentary Finance Committee, Ikhlas Al-Dulaimi, suggested that the US Treasury Department would include new Iraqi banks on the sanctions list unless the Central Bank of Iraq finds solutions for them.
In July 2023, the US Treasury imposed sanctions on 14 Iraqi banks in a crackdown on Iran’s dollar transactions. LINK
