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Iraq Bans 8 Local Banks From US Dollar Transactions
  + stars: | 2024-02-04 | by ( Feb. | At A.M. | ) www.usnews.com   time to read: +3 min
By Timour AzhariBAGHDAD (Reuters) - 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 by a top U.S. Treasury official. 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 on currency smuggling to neighbouring Iran. A central bank document verified by an official at the bank listed the banned banks. War in Israel and Gaza View All 194 ImagesThey are: Ahsur International Bank for Investment; Investment Bank of Iraq; Union Bank of Iraq; Kurdistan International Islamic Bank for Investment and Development; Al Huda Bank; Al Janoob Islamic Bank for Investment and Finance; Arabia Islamic Bank and Hammurabi Commercial Bank. Banks banned from dollar transactions are allowed to continue operating and are allowed to engage in transactions in other currencies, the central bank says.
Persons: Timour Azhari, Al Huda, Ashur, Hammurabi, , Banks, Brian Nelson, Mohammed Shia, Giles Elgood Organizations: Treasury, Ahsur, Bank for Investment, Investment Bank of Iraq, Union Bank of, Kurdistan International Islamic Bank for Investment, Development, Al, Al Huda Bank, Islamic Bank for Investment, Finance, Arabia Islamic Bank, Hammurabi Commercial Bank, Central Bank of, U.S . Treasury, Huda Bank, Reuters, Iraqi Locations: Timour, Timour Azhari BAGHDAD, Iraq, U.S, Iran, United States, Israel, Gaza, Union Bank of Iraq, Kurdistan, Central Bank of Iraq, Washington, Baghdad
SEATTLE (AP) — Washington state Attorney General Bob Ferguson on Monday sued to block the proposed merger of Kroger and Albertsons, two of the nation's largest grocery chains. Kroger and Albertsons have more than 300 locations in the state and account for more than half of its grocery sales, according to the suit. “This merger is bad for Washington shoppers and workers,” Ferguson said in a news release Monday. "Workers, shoppers and our communities need to prevent this proposed mega-merger from taking place,” Yasmin Ashur, a union member who works in an Albertsons grocery store, said in a union statement Monday. The grocery chains say they must merge to compete with Walmart, Amazon and other major companies that have stepped into the grocery business.
Persons: Bob Ferguson, Ferguson, ” Ferguson, ” Kroger, Fred Meyer, Kroger, ” Yasmin Ashur Organizations: SEATTLE, Kroger, Albertsons, King County Superior Court, Seattle Times, , Safeway, Federal Trade Commission, United Food & Commercial Workers, The Seattle Times, Workers, S Wholesale Grocers, Walmart, Amazon Locations: Washington, King County, Cincinnati, Boise , Idaho, Oregon, Idaho
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