Iraqi parliament decides to lift sanctions on the banks of Kurdistan


Iraq’s parliament on Monday voted in favor of a resolution lifting sanctions on Iraqi Kurdistan’s banks in response to the 2017 referendum.
Iraqi media reported that the lifting of sanctions came after they achieved the goal, namely, the imposition of federal authority on the banking sector in Iraqi Kurdistan.
The House of Representatives voted in October to stop financial transactions with Kurdistan, within the several steps taken by Baghdad in response to the referendum on the separation of the territory from the Iraqi federal government.
Baghdad also took a decision to stop transfers of dollars and foreign currencies to four major banks in the Kurdistan region, in an attempt to force the latter to retreat from the referendum.

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