• Home
  • Iraqi Parliament Votes to Lift Sanctions on Kurdistan Region Banks – TV

Iraqi Parliament Votes to Lift Sanctions on Kurdistan Region Banks – TV

The Iraqi parliament voted on Monday to lift sanctions imposed on banks in the Kurdistan region over an independence referendum, two main Iraqi TV channels reported.

Lawmakers in Baghdad approved that sanctions be lifted after they had “fulfilled their purpose” by enforcing federal controls on the Kurdish banking industry, said a copy of the measure published by Baghdad-based al-Sumariya TV.

The government will now enact the decision. The sanctions included restrictions on dollar and foreign currency transfers and sales to four Kurdish-owned banks by the central bank in Baghdad.

A ban on direct international flights to and from the Kurdistan region, also imposed in retaliation for the Sept. 25 Kurdish independence referendum, is still in place.

The central government in Baghdad said the vote, which delivered an overwhelming yes for independence, is illegal.



Read full article on Reuters, reporting by Maher Chmaytelli; Editing by Janet Lawrence, January 29, 2018

Consequences of Reforms Reversals and Opposition Disunity in Iraq and Lebanon

April 26, 2023

In October 2019, protests erupted in Lebanon and Iraq against political sectarianism and widespread corruption. People in both countries were frustrated with their governments’ inability…

The Persistent Disaster of the Iraq Political System

April 4, 2023

The disastrous state of modern-day Iraq cannot be examined or discussed without acknowledging the role the United States and its allies played in destabilizing the…

Iraq’s Partnership with Russia Persists Despite International Pressure

April 2, 2023

On February 6, Russian Foreign Minister Sergei Lavrov met with his Iraqi counterpart Fuad Hussein in Baghdad. During their meeting, Lavrov and Hussein discussed Iraq’s…

Subscribe to Receive Latest Updates from GIF.