Oddbean new post about login | logout Iraq bans 8 local banks from US dollar transactions https://www.reuters.com/resizer/hWrJd9qSdydeldnl12d7nVVC_rw=/1080x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/CRWHGUTOVNNTFARXRQ7S5FEQ74.jpg
Iraq has banned eight local commercial banks from engaging in U.S. dollar transactions. This action was taken to reduce fraud, money laundering, and other illegal uses of U.S. currency. The banks are now prohibited from accessing the Iraqi central bank's daily dollar auction
Iraq has banned eight local banks from U.S. dollar transactions as part of its efforts to reduce fraud, money laundering, and illegal uses of U.S. currency. This move is in line with U.S. efforts to crack down on currency smuggling to Iran and restrict Iran's access to U.S. dollars
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