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Iraqi banks ready to challenge US-imposed dollar ban on them

Iraqi banks ready to challenge US-imposed dollar ban on them
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Iraqi banks hit with dollar ban say they are ready to challenge measures

BAGHDAD -Fourteen Iraqi private banks hit with curbs by the United States over allegedly helping siphon U.S. dollars to Iran said on Wednesday they were ready to challenge the measures and face.

New yorkUnited statesAli al allaqTimour azhariRichard changAhmed rasheedDaniel wallisHaider al shammaVedant patelUs treasury departmentTreasury departmentCentral bankIraq central bankFederal reserve bankUs state departmentNew york fed

Iraq banks hit with dollar ban say they are ready to challenge measures

Iraq banks hit with dollar ban say they are ready to challenge measures
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Sanctioned Iraqi banks say they are ready to face audit

The 14 Iraqi banks - placed under US sanctions - have been banned from undertaking dollar transactions but can continue to use Iraqi dinars and other foreign currencies.

New yorkUnited statesAli al allaqHaider al shammaUs treasury departmentFourteen iraqiNew york fedGovernor aliUs sanctions

Iraq currency depreciation linked to traders not using central bank platform

Iraq currency depreciation linked to traders not using central bank platform
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