A man counts U.S. dollars at a currency exchange shop in Baghdad, Iraq, January 23, 2023. REUTERS/Ahmed Saad/File Photo
WASHINGTON/BAGHDAD (Reuters) - The United States has barred 14 Iraqi banks from conducting dollar transactions, the Wall Street Journal reported on Wednesday, citing U.S. officials.
The ban, which was imposed by the Treasury Department and the Federal Reserve Bank of New York, is part of a crackdown on the siphoning of U.S. currency to Iran, the report added.
