Iraq to end all dollar cash withdrawals by Jan 1.
M2 EQUITYBITES-October 6, 2023--Iraq to end all dollar cash withdrawals by Jan 1
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Global Banking News - 06 October 2023
Iraq has announced plans to end all dollar cash withdrawals by January 1, 2024.
Reuters said that the nation would ban cash withdrawals and transactions in US dollars as of that date. This move is intended to help prevent the misuse of currency reserves.
The move is aimed at preventing the illicit use of 50 percent of the USD10bn that Iraq imports in cash...
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