Al-Huda Bank did not participate in the Foreign Currency Selling Window in 2023, CBI states

 
Baghdad-INA
 
The Central Bank  of Iraq-CBI revealed on Tuesday, that the US Treasury Department had imposed sanctions on Al-Huda Bank of Iraq, while indicating that the bank did not participate in the foreign currency buying and selling window during the year 2023.
 
 “US Treasury imposed sanctions on Al-Huda Bank of Iraq due to its activities in 2022”, stated CBI in a statement received by the Iraqi News Agency (INA).
 
"The bank did not participate in the window for Buying And Selling Foreign Currency during 2023," the statement added. "Al-Huda Bank continues to provide its banking services without dealing in US dollars and is allowed to deal in other foreign currencies."