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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]
Its three most important features are that it recognized the US-UK coalition's responsibilities under applicable international law as occupying powers; recognised the creation of a transitional governing council of Iraqis; and removed all sanctions against Iraq that were placed upon the former regime of Saddam Hussein under resolutions 661 ...
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 ...
Before the First Gulf War, Rafidain Bank "was the Arab world’s largest commercial bank with total assets of USD 47 billion." [2] The Bank was badly damaged by the first Gulf War and the economic sanctions against Iraq. These sanctions were behind the closure of Rafidain's London Branch in 1990. During the second Gulf War, the bank was again ...