Wednesday, April 10, 2024

Details of lifting sanctions on Iraqi banks FROM BEARDED PATRIOTUSA TELEGRAM CHAT ROOM, 10 APRIL

 Details of lifting sanctions on Iraqi banks


⭕️ Establishing a joint council to supervise and monitor the banks subject to sanctions

⭕️ The Council will consist of representatives of the Treasury, the Central Bank, and representatives of sanctioned banks and will be under the supervision of the Ministry of Treasury.


⭕️ Changing the management of the banks so that a new board of directors is formed for the banks, and no bank can continue without an unknown board of directors.


⭕️ Their work must be transparent and clear and they must reform their management systems

⭕️ The US Treasury must have direct access to their data and information


⭕️ It was initially allowed to trade in dollars (initially up to $5 million, then it increased to $10 million and will continue until they return to normal)

⭕️Increasing bank capital to 250 billion dinars

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