November 9, 2017 / 10:45 AM / in 7 months

Iraqi central bank orders private banks to close Kurdistan region branches

BAGHDAD, Nov 9 (Reuters) - Iraq’s central bank has ordered private banks to close their branches in the Kurdistan region within a week to avoid a dollar sale ban, Iraqi banking sources said on Thursday.

The central bank’s deadline expires on Nov. 14 and all banks must report back with confirmation of their branches’ closure to avoid penalties, said the sources. (Reporting by Ahmed Rasheed; editing by Mark Heinrich)

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