U.S. Treasury eases Iraqi currency rules
The U.S. Treasury Department announced the lifting of restrictions on several Iraqi currency exchange companies, allowing them to resume selling dollars to travelers after they met the compliance standards set by the Central Bank of Iraq. This development comes as part of Iraq's efforts to strengthen the regulation of dollar transactions, combat money laundering and terrorist financing. It coincides with new measures by the Central Bank to facilitate external transfers for approved banks, thereby enhancing their foreign reserves and ensuring that industrial institutions adhere to regulatory controls and international financial markets.
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