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Iraq has banned eight local commercial banks from engaging in U.S. dollar transactions, taking action to reduce fraud, money laundering and other illegal uses of U.S. currency days after a visit ...
Credit Bank of Iraq; Dar Es Salaam Investment Bank; Dijlah & Furat Bank; Economy Bank Iraq; Gulf Commercial Bank; Taawen Islamic Bank; Industrial Union Investment Bank; Investment Bank of Iraq; Iraqi Middle East Investment Bank; Islamic Bank; Mosul Bank; National Bank of Iraq; North Bank; Sumer Bank; Union Bank of Iraq; Bank Audi ِWorld ...
In May 2003, following the invasion of Iraq in March of that year, the Central Bank of Iraq-Development Fund for Iraq (DFI) account was created at the U.S. Federal Reserve Bank of New York at the request of the Coalition Provisional Authority (CPA) Administrator.
WASHINGTON/BAGHDAD (Reuters) -The United States has barred 14 Iraqi banks from conducting dollar transactions, the Wall Street Journal reported on Wednesday, citing U.S. officials. The ban, which ...
Islamic Cooperation Investment Bank, also known as Taawen Islamic Bank (Arabic: مصرف التعاون الاسلامي للاستثمار) is a private bank in Iraq that was established in 2006. The bank has 10 branches across Iraq and one branch in Tehran, Iran. It is one of the five foreign banks with an office in Iran as of 2017. [1]
Iraq's central bank must address continued risks of the misuse of dollars at Iraqi commercial banks to avoid new punitive measures targeting the country's financial sector, a top U.S. Treasury ...
The Dar Es Salaam Investment Bank (ISX: BDSI) is one of the largest commercial banks in Iraq. It was established in 1998. It was established in 1998. Other Iraqi banks include: Bank of Baghdad (BNKB), Economy Bank for Investment (BEFI) and Commercial Bank of Iraq (CBIQ).
The National Bank of Iraq became the Central Bank of Iraq in 1956. [5] Since switching over to its own central bank, the Iraqi monetary system was "replete with mismanagement, coercive stop-gap measures, and the production of an unstable, unreliable currency which ha[d] not been tradeable on the international market for [many] years".