European Union formally lifts sanctions on the Central Bank of Iraq

2018/9/13 10:41


The European Union officially announced the exit of the Central Bank of Iraq from the list of sanctions imposed by the Union on the institutions.
A statement issued by the Central Bank of Iraq (KNA) said that the decision came "through its publication in the official newspaperof the European Union, which confirmed the abolition of sanctions imposed on this bank under the previous regime, which provided for [the prohibition of dealing with a group of financial institutions and non Iraqi Finance, including the Central Bank of Iraq]. "
He pointed out that "this step comes as the Iraqi Central Bank achieved significant progress in improving its performance and the application of international regulations and standards in this field. This bank shows that under these recent amendments will allow the international financial banking institutions to deal with the new instructions as it has become a reliable financial institutions to deal with European international institutions ".