Iraq’s central bank on Thursday called on banks and private banks to close their branches in the Kurdistan Region.
According to media reports, the Central Bank has given these banks and banks seven days to implement the closure of its branches in the region.
A document issued by the Central Bank of Iraq, directed banks not to sell dollars to their branches in the Kurdistan Region.
Baghdad has taken all security and economic measures in response to a referendum held by the region on September 25.
The Iraqi Council of Representatives has issued a binding resolution demanding the Iraqi government to stop all financial and banking dealings with the Kurdistan Region.
These sanctions come in the wake of a ban on direct international flights to the Kurdistan Region.