Search results
Results from the WOW.Com Content Network
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 ...
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.
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 ...
The Reagan administration generally supported Iraq during the Iran–Iraq War, despite Iraq's extensive use of chemical weapons against post-revolutionary Iran.In response to reports of further Iraqi chemical attacks against its Kurdish minority after the end of the war with Iran, in September 1988 United States (U.S.) senators Claiborne Pell and Jesse Helms called for comprehensive economic ...
The United States has imposed two-thirds of the world's sanctions since the 1990s. [1] In 2024, the Washington Post said that the United States imposed "three times as many sanctions as any other country or international body, targeting a third of all nations with some kind of financial penalty on people, properties or organizations". [2]
Iraq's economy was also seriously affected by the continued financial sanctions, since Iran is a major exporter of wheat to Iraq, and food prices increased in Iraq after 2016. [ 121 ] In September 2022, the IMF concluded in a working paper, "coupled with low economic growth and high unemployment, rising inflation has fueled widespread protests ...
Dozens of people protested in front of the Central Bank of Iraq in Baghdad and bank owners called for official action to stem a sharp increase in the dollar exchange rate Wednesday, after the ...
The United Nations Security Council approved Resolution 1483 on May 22, 2003, ending economic sanctions against Iraq while clearing a path for the transfer of over US$1 billion from the Oil-for-Food program as seed money for establishment of the development fund. Critics are also alarmed because all proceeds from the sale of Iraqi oil and ...