The Central Bank of Iraq announced today, Saturday, the imminent lifting of US restrictions on some Iraqi banks.
Member of the Board of Directors of the Central Bank, Ahmed Barihi, told Al-Maalouma, “The discussions held by Prime Minister Muhammad Shiaa Al-Sudani in Washington with the American financial and banking authorities were successful.”
He added, “The American side promised to lift banking restrictions on some Iraqi banks and end work on the platform at the end of this year. This matter will make the central bank return to the currency selling window as it was before.”
He added, “The results of the discussions between the Sudanese and the Governor of the Central Bank, Ali Al-Alaq, with the American side were good, in which it was agreed that the Central Bank would return to the currency selling window as it was before.”
He explained, “If we return to buying and selling the dollar, conditions will improve greatly, and currencies will be traded, which will facilitate trade and banking relations and reflect positively on the market directly,” stressing, “The American side was understanding of what the Iraqi delegation proposed and promised to lift work on the platform and lift all restrictions on banks at the end.” This year.”
Prime Minister Muhammad Shiaa Al-Sudani is at the head of a high-ranking Iraqi delegation in America, to finalize the security and economic files with the American side, including the currency file.
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