Central Bank: US Treasury restrictions are still imposed on Iraqi banks
Central Bank - US Treasury restrictions are still imposed on Iraqi banksInformation/Baghdad..
On Monday, member of the Board of Directors of the Central Bank, Ahmed Barihi, confirmed the continuation of restrictions imposed on Iraqi banks imposed by the US Treasury for political reasons.
Brehi said in a statement to “Al-Ma’louma” that “the measures of the Central Bank of Iraq and the Ministry of Finance have alleviated the crisis of the rise in the Iraqi dinar’s exchange rate against the dollar,” pointing out that “the US Treasury is still imposing its restrictions in order to prevent the dollar’s exchange rate from falling for political reasons.”
He added, “The decline in the dollar exchange rate against the Iraqi dinar is still linked to the easing of restrictions imposed by the US Treasury on Iraqi banks, despite Iraq’s commitment to the conditions of the US Treasury Department.”
Member of the Board of Directors of the Central Bank, Ahmed Brehi, pointed out that “easing these restrictions is linked to the decisions of the US Treasury towards certain countries, as well as Iraq.”
He pointed out that “there is no problem with the Central Bank or the Ministry of Finance regarding cash liquidity because the Central Bank can provide it on a regular basis, and whoever proposes that is ignorant of monetary policies.”
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