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Iraq's central bank will ban five more local banks from engaging in U.S. dollar transactions, a move that comes after meetings with U.S. Treasury officials in efforts to combat money laundering ...
Executive Order 13303 was issued on May 22, 2003, by United States President George W. Bush to protect the Development Fund for Iraq for the rebuilding of Iraq from any legal attachments or liens. Further, it protects Iraqi oil products and interests and ownership by US persons (defined to include US corporations ) from attachment as well.
Bānk-e Mellī-e Īrān (the national bank of Iran) [1] [2] Basrah International Bank for Investment; Byblos Bank (Lebanese) [1] Commercial Bank of Iraq; Credit Bank of Iraq; Dar Es Salaam Investment Bank; Dijlah & Furat Bank; Economy Bank Iraq ِElaf Islamic Bank; FIRST IRAQI BANK; Ghana Bank; Gulf Commercial Bank; Industrial Union Investment Bank
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 U.S. crackdown ...
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 ...
The Development Fund for Iraq receives 95 percent of the government proceeds from Iraqi oil sales. The 2003 budget also noted that the Development Fund will provide $1.2 billion for the budget. However, the relationship between the DFI and the budget has not been made clear—the budget anticipated oil revenues of $3.4 billion—much greater ...
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 Iraqi Interim Government was created by the United States and its coalition allies as a caretaker government to govern Iraq until the drafting of the new constitution following the National Assembly election conducted on January 30, 2005.