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Baghdad resume the conversion of foreign currency to Kurdistan[/size]
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10 hours ago
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Baghdad resume the conversion of foreign currency to Kurdistan[/size]
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10 hours ago
A source in the banking sector in Iraq said that the central bank on Wednesday reduced financial restrictions imposed on the territory of Kurdistan after receiving a pledge of cooperation from the banks of the Kurdish.
The source said that the resumption of transfers of dollars and foreign currency on Wednesday with the exception of four banks owned by the Kurdish, according to Reuters.
Banking and government sources said the central bank notified the Kurdistan Regional Government on Tuesday that it would stop selling dollars to the four Kurdish banks and stop all foreign currency transfers to the region.
These measures were taken in response to a referendum held by the Territory on 25 September and voted in favor of independence.
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