Reuters: 2 banks and 2 Iraqi companies will be banned from dollar transactions

reported Mehr News Agency Reuters news agency said in a dedicated news Sunday: Participation in dollar transactions will prohibit the decision made after meeting with US Treasury officials.

Reuters reports, the excuse to combat money laundering, dollar smuggling and other violations.

According to one source, the move after last week’s meetings in Dubai between the central bank officials – which banned the bank from the US dollar last year – And the US Treasury and Federal Reserve (Central Bank) are carried out.

Reuters said that banks that have been banned from dollar transactions have been allowed to continue their operations and are allowed to translate with other currencies. But the move restricts banks’ ability to transactions to the dollar and makes it difficult for most of Iraq’s overseas operations.

It has been added that 2 banks and 5 payment services companies in Iraq are subject to new restrictions.