Brics Joining Iraq Ban U S Dollar Transactions

Last updated: June 8, 2025, 23:29

Brics Joining Iraq Ban U S Dollar Transactions

DUBAI

The development comes a week after Iraq announced a ban on all cash withdrawals in the US dollar. The rule will come into effect on Jan. 1, 2025, as Iraq’s Central Bank

DUBAI/BAGHDAD - Iraq's central bank will ban five more local banks from engaging in U.S. dollar transactions, a move that comes after meetings with U.S. Treasury

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TEHRAN

TEHRAN (Tasnim) - In tandem with the BRICS philosophy, Iraq banned eight of its banks from initiating transactions in the US dollar, so ditching US dollar from the global

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Iraq has prohibited eight banks

Iraq has prohibited eight banks from conducting transactions in U.S. dollars, in what could be seen as a move to implement the BRICS policy. Iraq is intensifying its restrictions