Skip to Content

Bank owners and citizens protest deterioration of the Iraqi dinar following US ban on Iraqi banks

KIFI

By ALI JABAR and SALAR SALIM
Associated Press

IRBIL, Iraq (AP) — Dozens of people have protested in front of the Central Bank of Iraq in Baghdad and bank owners called for official action to stem a sharp increase in the dollar exchange rate. The move Wednesday comes after the United States blacklisted 14 Iraqi banks. Over the past two days, the market rate of the dollar has jumped from 1,470 dinar per dollar to 1,570 dinar per dollar after the United States listed 14 Iraqi private banks among the banks that are banned from dealing with U.S. dollar. The ban was imposed on July 19 by the U.S. Treasury Department and the Federal Reserve Bank of New York and was first reported by the Wall Street Journal.

Article Topic Follows: AP National

Jump to comments ↓

Author Profile Photo

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content