Iraq suspends dollar payments to some Kurdish banks

iraq-dinar

Iraq’s central bank has stopped selling US dollars and other foreign currency to four banks in the country’s Kurdish region, locally based reporters say.

The Central Bank of Iraq is still selling dollars to the region’s other banks, the reports add. A source at the central bank told a reporter from Reuters that the central bank would be prepared to resume dollar sales to the four affected banks if the banks provide more information on their transactions.

The tightening of currency supply to ba

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