Prohibition of dealing with some financial institutions in US dollars

Title / Prohibition of dealing with some financial institutions in US dollars

To / all licensed banks

                       All approved non-bank financial institutions (dealing Prohibition)

Issue: 9/3/436 Date: 31/10/2019

A reference to the powers granted to this bank under its Law No. (56) For the year 2004 (amended) and given the names of financial institutions listed below on the list of international sanctions.

It decided to prohibit dealing with these institutions in the currency of the US dollar, with the possibility of dealing with them in other currencies and until further notice.

Financial institutions:

- Al Ataa Islamic Bank (formerly Al Balad).

- Noor Iraq Islamic Bank.

- Al-Khalidi Exchange Company located in the governorate of Erbil (not approved by this bank).