US Treasury lifts restrictions on Iraqi exchange firms after compliance

The US Treasury has removed sanctions-related restrictions on several Iraqi exchange companies after they met compliance standards, signaling a thaw in financial oversight. The Central Bank of Iraq simultaneously urged banks to facilitate foreign transfers and waived deposit period requirements, easing liquidity constraints. This coordinated move likely aims to stabilize Iraq's financial system and reduce reliance on informal channels, but the specific companies and scope of remaining restrictions are unclear.

AI disclosure: Model-written summary of the source, not a verified fact. Check the sources. How Mosaic works