The central bank decides to stop dealing with 4 private banks in the dollar currency (document)
Monday, 7 November 2022 1: 05 pm
Baghdad/National News Center
The Central Bank of Iraq issued, on Monday, a circular to all authorized banks and non-banking financial institutions.
The bank confirmed in a letter obtained by the national news center that “for audit purposes, it was decided to stop dealing in the US dollar currency for the banks listed below, although it is permissible to deal with them in other currencies”.
partial approximate translation –
“For defensive reasons, it is approved to stop dealing in the US dollar currency for the banks listed below with the permissibility of begging
Denominated in other currencies'
١ Al-absari Islamic Bank for investment and finance.
!= Al Qabas Islamic growth and investment bank.
7 Asia-Iraq Islamic Bank for investment and finance.
4-Middle East Iraqi investment bank.”