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US imposes sanctions on 15 Iraqi banks linked to Iran

News 12:26 11 Jan, 2023
US imposes sanctions on 15 Iraqi banks linked to Iran

The United States has imposed sanctions on 15 banks affiliated with the Iranian Revolutionary Guard Corps (IRGC) in Iraq, Qazet.az reports according to the French newspaper Le Figaro.

These banks smuggle over a hundred million dollars of financial resources to Iraq, Syria, Jordan, and other countries every week.

Those 15 banks are under the control of prominent political leaders of Iraq. According to the conclusion of Le Figaro, by boycotting 15 banks, the United States deprived IRGC of one of its important financial sources.

The Central Bank of Iraq sells dollars to private banks every day, and these banks transfer the received dollars to Iran.