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Central Bank of Iraq

CBI officially off the EU sanctions list

Thu, September 13, 2018 14:25

BAGHDAD, Sept 13, 2018 (MENA) - The European Union officially announced the exit of the Central Bank of Iraq (CBI) from the list of sanctions imposed by the European Union on some Iraqi institutions, CBI said in a statement.

The decision was published in the official newspaper of the European Union, which confirmed the abolition of sanctions imposed on this bank under the former regime.

The sanctions had prohibited dealing with a group of financial and non-financial Iraqi institutions, including the Central Bank of Iraq.

The step comes as the Central Bank of Iraq has made significant progress in improving its performance and application of international regulations and standards. 

Under these recent amendments, the bank has become a reliable financial institution to deal with European international institutions in accordance with the new instructions. 

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