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US lifts restrictions on Iraqi exchange firms

The United States has lifted restrictions previously imposed on Iraqi exchange firms, easing curbs on their access to the US financial system. The move affects currency transfer and exchange companies in Iraq that had faced limits over compliance concerns. It is seen as a step toward normalising Iraq's banking ties and easing pressure on the country's dollar flows, with banking sector observers following what this means for remittances and trade payments.

Why now: The easing of US financial curbs has immediate implications for Iraq's banking sector, dollar access and remittances.

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