Nineveh calls for lifting the ban imposed on it regarding dealing in dollars
Nineveh calls for lifting the ban imposed on it regarding dealing in dollars
2025-01-26 04:30
Shafaq News/ The local government in Nineveh called on the Central Bank of Iraq on Sunday to lift the ban imposed on the province regarding dealing in dollars in money transfers and obtaining its share of the US currency.
Nineveh Provincial Council member, Mohammed Ahris, told Shafaq News Agency, “The ban imposed on financial activities in the province is continuing by the Central Bank of Iraq.”
He explained that “preventing Nineveh from financial transactions, dealing in dollars, and entering the currency selling window caused direct financial losses worth 20 million dollars per month,” noting that “the continued prevention of Nineveh offices from transferring dollars increased unemployment rates and negatively affected the progress of projects and hindered investment in the province.”
He added, “The reasons for preventing Nineveh from dealing in dollars, like other governorates, are still unjustified and incomprehensible, especially since the security situation in the governorate is stable and above excellent.”
Ahris confirmed that “Nineveh has addressed the Central Bank on more than one occasion to resolve this problem, but these attempts have not yielded any solutions.”
It is noteworthy that Nineveh Governorate has been banned from foreign transfers in dollars since its liberation from ISIS in late 2017, through strict measures by the Central Bank of Iraq.
Officials attribute these measures to a security and economic framework, aiming to prevent the leakage of funds to suspicious parties, especially after ISIS used the informal financial system to finance its operations.
The ban also came as a result of concerns that remittances could be reused to finance terrorism or support illegal activities.
shafaq.com
