Three electronic payment services companies will be banned from dealing in dollars, 17 FEB

 Three electronic payment services companies will be banned from dealing in dollars

2/16/2025  Sumerian News – Economy

 Informed sources revealed that three electronic payment service companies will be banned from dealing in dollars.

Reuters quoted the sources as saying that “three companies will be banned.”Services Electronic payment in Iraq From dealing in dollars.

This came after Iraqi banking sources revealed Quoted According to diplomats working in Baghdad, new sanctions will be issued against 5 Iraqi banks that violated international standards and some of which transferred funds to illegal entities, while the Central Bank denied the veracity of this news.

 The sources reported in a news report that I followed up on. Sumerian News, “The sanctions will include bank owners after at least one of the five banks was accused of working entirely for the benefit of One of Armed factions in Iraq.

It was later published that the five banks included in the measures are Misk Bank, Al-Sanam Bank, Al-Muttahid Bank, Al-Amin Bank, and Al-Mashreq Bank.

After including the five banks in the sanctions, 34 out of 44 private banks will be in Iraq It has been included in the sanctions to keep 5 Iraqi banks operating in  Iraq In addition to 5 other Iraqi banks operating with Arab and foreign capital.. the total number of banks operating in Iraq 10 banks, in addition to other government banks, namely Rafidain Bank, Rashid Bank, Trade Bank of Iraq, and other specialized banks such as agricultural, industrial, and others.  LINK