CBI policy curbs dollars to Iran
Iraq’s central bank has tightened its clampdown on its sales of dollars amid fears that buyers are using them to launder money and skirt international sanctions on neighbouring Iran and Syria. The second crackdown in two months on Iraq’s freewheeling foreign exchange market highlights how the erosion of economic controls by almost 10 years of […]Michael Peel reports for the Financial Times:
Iraq’s central bank has tightened its clampdown on its sales of dollars amid fears that buyers are using them to launder money and skirt international sanctions on neighbouring Iran and Syria.
The second crackdown in two months on Iraq’s freewheeling foreign exchange market highlights how the erosion of economic controls by almost 10 years of conflict and foreign occupation has taken on wider significance amid conflicts in the region.
