The Central Bank prevents four Kurdish banks from entering the currency auction

The Central Bank prevents four Kurdish banks from entering the currency auction

9-28-2017

The Central Bank prevents four Kurdish banks from entering the currency auctionAn official source in the Iraqi banking sector, on Thursday, that the central bank decided to prevent the entry of four Kurdish banks from entering the currency auction.

The source said that “the Central Bank has decided to stop the banks of Arbil and the commercial region, and Jihan and Kurdistan from entering the auction of currency within the financial sanctions on the Kurdistan region.”

The source added that “the Central Bank stopped the system of remittances with the Kurdistan region,” noting that “these sanctions are part of the sanctions carried out by the government.”

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