In the document.. Cancellation of the license of an Iranian bank branch in Iraq, 5 FEB

 In the document.. Cancellation of the license of an Iranian bank branch in Iraq

The Central Bank of Iraq decided to cancel the license of an Iranian bank branch in Iraq.

According to a letter to the bank to the Iranian bank, {Euphrates News} received a copy of it that “based on the decision of the Board of Directors of this bank No. (185) of 2023, due to the losses incurred by the bank’s branch in Iraq, the limited activities it exercises, the inability to implement or expand the practice of banking activities, and therefore, there is no useless in continuing to work inside Iraq, in addition to its coverage of international sanctions, it was decided to cancel the license of the branch in Iraq.”

https://alforatnews.iq/news/بالوثيقة-إلغاء%C2%A0رخصة-فرع-مصرف-ايراني-بالعراق