DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Timour Azhari - 2 Al Huda - 1 Ashur - 1 Hammurabi - 1 ” - 1 Banks - 1 Brian Nelson - 1 Mohammed Shia - 1
Top related locs:
U.S Iran United States Baghdad Iraq Central Bank of Iraq BAGHDAD Iraqi
Top related orgs:
Central Bank of - 3 Treasury - 2 U.S . Treasury - 2 Iraqi - 2 Thomson - 2 Ahsur - 1 Bank for Investment - 1 Investment Bank of Iraq - 1

Search resuls for: "Central Bank of Iraq"


3 mentions found


☆ 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
☆ U.S. Treasury official says Iraq must act to avoid further action on banks
  + stars: | 2023-09-14 | by ( Timour Azhari | ) www.reuters.com   time to read: +6 min
Employees walk at the headquarters of the Central Bank of Iraq in Baghdad, Iraq August 15, 2023. Despite the crackdown, the senior U.S. Treasury official, who spoke on condition of anonymity, said there were still other Iraqi banks operating with risks "that must be remediated". Iraq's central bank governor has said Iraq is committed to implementing tighter financial regulations and combating the smuggling of dollars. The central bank did not immediately respond to a request for comment on Thursday. However, there were still "vested interests comfortable with the status quo that can create friction to driving change," the Treasury official said, without identifying who these were.
Persons: Ahmed Saad, Farhad Alaadin, Alaadin, Saddam Hussein, Mohammed Shia Al, Timour Azhari, Alexander Smith Organizations: Central Bank of, REUTERS, Treasury, U.S, Reuters, Iraqi, U.S . Federal, Iraq, U.S . Treasury, Thomson Locations: Central Bank of Iraq, Baghdad, Iraq, Iran, BAGHDAD, U.S, United States, Iraqi, Iranian, Tehran, Iraq's
☆ Iraqi banks hit with dollar ban say they are ready to challenge measures
  + stars: | 2023-07-28 | by ( Ahmed Rasheed Timour Azhari | Ahmed Rasheed | Timour Azhari | ) www.reuters.com   time to read: +3 min
U.S. financial authorities last week barred 14 Iraqi banks from conducting dollar transactions as part of a wider crackdown on dollar smuggling to Iran via the Iraqi banking system, Iraqi central bank officials have said. U.S. State Department deputy spokesperson Vedant Patel said the measures were not sanctions, as they have been referred to by Iraq's Central Bank governor. Iraqi central bank (CBI) Governor Ali al-Allaq said on Wednesday the institution was following up on the issue and he had no indication the U.S. would impose "sanctions" on more Iraqi banks. The 14 banks have been banned from undertaking dollar transactions but can continue to use Iraqi dinars and other foreign currencies. The latest U.S. measures, along with previous curbs on eight banks, have left nearly a third of Iraq's 72 banks blacklisted, two Iraqi central bank officials said.
Persons: Vedant Patel, Patel, Ali al, Allaq, Haider al, Shamma, Ahmed Rasheed, Timour, Richard Chang, Daniel Wallis Organizations: . State Department, Iraq's Central Bank, Treasury Department, Federal Reserve Bank of New, Central Bank of, U.S . Treasury Department, New York Fed, CBI, U.S ., Thomson Locations: BAGHDAD, Iraqi, United States, Iran, Federal Reserve Bank of New York, U.S, Tehran, Iraq's, Baghdad
0 next >>
Total: 3