Iraqi central bank denies it will ban all dollar cash transactions
Official says he was misquoted as dollar shortage worsens amid US-Iraq tensions
Iraq’s central bank denied it planned to ban cash withdrawals and transactions in US dollars, hours after an official apparently said it would.
Reuters published a report on October 5 that quoted Mazen Ahmed, the Central Bank of Iraq’s director-general of investment and remittances. Ahmed said the central bank would ban domestic withdrawals and transactions in dollars from January 1, responding to a severe shortage of the US currency.
He said people with dollar-denominated deposits would have
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