BAGHDAD, The European Union (EU) officially announced on Thursday that the Central Bank of Iraq (CBK) has been removed from the list of sanctions imposed by the European Union on institutions.
According to a statement by the Central Bank of Iraq, "The European Union published in the official newspaper an official statement confirming the abolition of sanctions imposed on this bank under the former regime, which provided for" the prohibition of dealing with a group of Iraqi financial institutions and non-financial, including the Central Bank of Iraq. "
The Central Bank said that this step comes as the Central Bank of Iraq has made significant progress in improving its performance and the application of international regulations and standards in this area.
The statement added, "Under these recent amendments, international financial banking institutions will be allowed to deal with the new regulations as they become reliable financial institutions to deal with European international institutions."
Source: National Iraqi News Agency