News
Latest News
news bulletin
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
26
o
Bekaa
23
o
Keserwan
28
o
Metn
28
o
Mount Lebanon
24
o
North
28
o
South
26
o
Live
Video
Audio
Schedule
shows
العربية
watching now
News
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
26
o
Bekaa
23
o
Keserwan
28
o
Metn
28
o
Mount Lebanon
24
o
North
28
o
South
26
o
News
Programs
The News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Programs
Documentaries
Lebanon’s Centennial
News Bulletin
The Untold History
Talk Show
Series
Sports
Variety
Other
Comedy
Oldies
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
Iraq bans 8 local banks from US dollar transactions
Middle East News
2024-02-04 | 13:31
High views
Share
Share
2
min
Iraq bans 8 local banks from US dollar transactions
Iraq has banned eight local commercial banks from engaging in US dollar transactions, taking action to reduce fraud, money laundering and other illegal uses of US currency days after a visit by a top US Treasury official.
The banks are banned from accessing the Iraqi central bank's daily dollar auction, a main source of hard currency in the import-dependent country that has become a focal point of a US crackdown on currency smuggling to neighboring Iran.
A rare ally of both the United States and Iran with more than $100 billion in reserves held in the US, Iraq relies heavily on Washington's goodwill to ensure that its access to oil revenues and finances are not blocked.
A central bank document verified by an official at the bank listed the banned banks.
They are: Ahsur International Bank for Investment; Investment Bank of Iraq; Union Bank of Iraq; Kurdistan International Islamic Bank for Investment and Development; Al Huda Bank; Al Janoob Islamic Bank for Investment and Finance; Arabia Islamic Bank and Hammurabi Commercial Bank.
The head of Iraq's private bank association, which represents the banks involved, and Ashur and Hammurabi did not immediately respond to requests for comment. Reuters is contacting the other banks.
A Treasury spokesman said: "We commend the continued steps taken by the Central Bank of Iraq to protect the Iraqi financial system from abuse, which has led to legitimate Iraqi banks achieving international connectivity through correspondent banking relationships.”
In July 2023, Iraq banned 14 banks from conducting dollar transactions as part of a wider crackdown on dollar smuggling to Iran via the Iraqi banking system. The decision came after a request from Washington, according to Iraqi and US officials.
Banks banned from dollar transactions are allowed to continue operating and are allowed to engage in transactions in other currencies, the central bank says.
Reuters
Middle East News
Iraq
Ban
Banks
US
Dollar
Transactions
Currency
Next
Hamas confirms submission of official response to hostage and ceasefire proposal: Official says
Recommended For You
d-none hideMe
0
Lebanon News
01:46
Israeli airstrikes target villages in Nabatieh and Marjaayoun districts, south Lebanon
Lebanon News
01:46
Israeli airstrikes target villages in Nabatieh and Marjaayoun districts, south Lebanon
0
Middle East News
01:36
Israeli army says intercepted suspicious aerial objects launched from Lebanon
Middle East News
01:36
Israeli army says intercepted suspicious aerial objects launched from Lebanon
0
Lebanon News
01:23
Hezbollah claims precision drone strikes on Israel's Shimshon military base
Lebanon News
01:23
Hezbollah claims precision drone strikes on Israel's Shimshon military base
0
Middle East News
00:46
Saudi and US Foreign Ministers discuss Lebanon's security and humanitarian crisis, Gaza ceasefire efforts
Middle East News
00:46
Saudi and US Foreign Ministers discuss Lebanon's security and humanitarian crisis, Gaza ceasefire efforts
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Lebanon News
05:55
Israeli airstrike hits Beirut's southern suburbs near Borj El Brajneh and Mrayjeh
Lebanon News
05:55
Israeli airstrike hits Beirut's southern suburbs near Borj El Brajneh and Mrayjeh
0
Lebanon News
2024-10-03
Israeli army reports rocket launches from Lebanon
Lebanon News
2024-10-03
Israeli army reports rocket launches from Lebanon
0
Lebanon News
02:10
Intense aerial surveillance over villages in Tyre and Bint Jbeil districts, south Lebanon
Lebanon News
02:10
Intense aerial surveillance over villages in Tyre and Bint Jbeil districts, south Lebanon
0
Lebanon News
18:12
Adraee warns residents of Borj El Brajneh, Laylaki, and Haret Hreik residents in Beirut's southern suburbs to immediate evacuate
Lebanon News
18:12
Adraee warns residents of Borj El Brajneh, Laylaki, and Haret Hreik residents in Beirut's southern suburbs to immediate evacuate
Videos
d-none hideMe
0
Middle East News
2024-10-03
British ship Cordelia Moon targeted in Red Sea attack, Yemeni media reports (Video)
Middle East News
2024-10-03
British ship Cordelia Moon targeted in Red Sea attack, Yemeni media reports (Video)
0
Lebanon News
2024-10-03
Russia delivers humanitarian aid to Lebanon (Video)
Lebanon News
2024-10-03
Russia delivers humanitarian aid to Lebanon (Video)
0
Lebanon News
2024-10-02
Late-night Israeli airstrikes in Beirut lead to thick smoke and targeted strikes
Lebanon News
2024-10-02
Late-night Israeli airstrikes in Beirut lead to thick smoke and targeted strikes
0
Middle East News
2024-10-01
Yedioth Ahronoth: Over 102 rockets launched from Iran, sirens sound across Israel (Video)
Middle East News
2024-10-01
Yedioth Ahronoth: Over 102 rockets launched from Iran, sirens sound across Israel (Video)
0
Lebanon News
2024-10-01
Iranian plane arrives in Latakia with humanitarian aid for Lebanese citizens fleeing to Syria (Video)
Lebanon News
2024-10-01
Iranian plane arrives in Latakia with humanitarian aid for Lebanese citizens fleeing to Syria (Video)
0
Lebanon News
2024-09-29
Israel strikes apartment in a building in Cola area in Beirut
Lebanon News
2024-09-29
Israel strikes apartment in a building in Cola area in Beirut
0
Lebanon News
2024-09-28
Video shows aftermath of intense Israeli strikes in Beirut's southern suburbs
Lebanon News
2024-09-28
Video shows aftermath of intense Israeli strikes in Beirut's southern suburbs
0
Lebanon News
2024-09-26
Explosion heard in Beirut’s southern suburbs as Israeli airstrike hits (video)
Lebanon News
2024-09-26
Explosion heard in Beirut’s southern suburbs as Israeli airstrike hits (video)
0
Lebanon News
2024-09-25
Israel targets Ras Osta, Bechtelida in Byblos district; announces ground operation plans
Lebanon News
2024-09-25
Israel targets Ras Osta, Bechtelida in Byblos district; announces ground operation plans
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
13:40
Israeli strike on Nabi Younos in Jiyeh
Lebanon News
13:40
Israeli strike on Nabi Younos in Jiyeh
2
Lebanon News
15:58
Israel issues new evacuation order for Choueifat Amroussieh, Haret Hreik residents in Beirut’s southern suburbs
Lebanon News
15:58
Israel issues new evacuation order for Choueifat Amroussieh, Haret Hreik residents in Beirut’s southern suburbs
3
Lebanon News
15:44
Israeli army issues urgent evacuation warning for Borj El Brajneh residents in Beirut's southern suburbs
Lebanon News
15:44
Israeli army issues urgent evacuation warning for Borj El Brajneh residents in Beirut's southern suburbs
4
Lebanon News
18:12
Adraee warns residents of Borj El Brajneh, Laylaki, and Haret Hreik residents in Beirut's southern suburbs to immediate evacuate
Lebanon News
18:12
Adraee warns residents of Borj El Brajneh, Laylaki, and Haret Hreik residents in Beirut's southern suburbs to immediate evacuate
5
Lebanon News
18:55
Hezbollah: We launched a salvo of rockets at Israeli forces trying to evacuate dead soldiers from Manara settlement
Lebanon News
18:55
Hezbollah: We launched a salvo of rockets at Israeli forces trying to evacuate dead soldiers from Manara settlement
6
Lebanon News
16:18
Israeli strikes hit Beirut’s southern suburbs following Israeli army’s evacuation alert
Lebanon News
16:18
Israeli strikes hit Beirut’s southern suburbs following Israeli army’s evacuation alert
7
News Bulletin Reports
13:18
Inside Israel: Damage caused by Iran, Iraq, and Hezbollah amid field difficulties in South Lebanon
News Bulletin Reports
13:18
Inside Israel: Damage caused by Iran, Iraq, and Hezbollah amid field difficulties in South Lebanon
8
Lebanon News
08:48
Israeli Golani Brigade claims to uncover weapon depots and infrastructure in South Lebanon
Lebanon News
08:48
Israeli Golani Brigade claims to uncover weapon depots and infrastructure in South Lebanon
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More