Three electronic payment services companies will be banned from dealing in dollars
Three electronic payment services companies will be banned from dealing in dollars
2025-02-16 | 10:07
Alsumaria 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, quoting diplomats working in Baghdad, revealed that new sanctions will be issued against five Iraqi banks that violated international standards and some of which transferred funds to illegal entities, while the Central Bank denied the accuracy of this news.
The sources stated in a news item monitored by Sumaria News that “the sanctions will include the owners of the banks after accusing at least one of the five banks of working entirely for one of the 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 private banks out of 44 banks in Iraq will be included in the sanctions, leaving 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 will become 10 banks, in addition to other government banks, which are Rafidain Bank, Rashid Bank, the Iraqi Trade Bank, and other specialized banks such as agricultural and industrial banks, among others.
alsumaria.tv
