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The central bank obligates banks and financial institutions to list the embargo on Iran
The Central Bank, Monday, the banks and financial institutions on the list of the embargo on Iran to be a basis in the regulation of banking and financial relations.
"In order to avoid risks to Iraqi banks and non-banking financial institutions because of the international sanctions imposed on the Islamic Republic of Iran, you have decided to abide by its embargo list," the bank said in a statement.
"The embargo list will be mainly in the regulation of banking and financial relations with Iran," the bank said.
Among the sanctions cited by the central bank: the
sanctions imposed on the purchase or acquisition of the US dollar by the Iranian government.
Iran's sanctions on gold and gold jewelery.
Direct and indirect sanctions on the purchase, supply or transportation of crude, aluminum, coal and steel to and from Iran.
And sanctions on port operators, ships and shipbuilding.
And penalties dealt with by foreign financial institutions with the Central Bank of Iran.
And sanctions on the energy sector.
The United States imposed its second ban on Iran on Nov. 5, which was described as the strongest after the first ban on August 8, 2018.
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