Central Bank of Iraq: Sanctions on Al-Huda Bank due to its activities in 2022, 31 JAN

 Central Bank of Iraq: Sanctions on Al-Huda Bank due to its activities in 2022

The Central Bank of Iraq revealed that the US Treasury Department imposed sanctions on Al-Huda Bank of Iraq, attributing the reason to its activities in 2022.

The Central Bank of Iraq stated that the bank did not participate in the foreign currency buying and selling window during the year 2023, stressing that it is continuing to provide its services. Banking without dealing in US dollars and is allowed to deal in other foreign currencies.

Central Bank of Iraq
Information Office
30 – January – 2024  link