Channels

Iraq eases financial restrictions on Kurdistan region, in first sign of de-escalation

BAGHDAD – Iraq's central bank on Wednesday eased financial restrictions imposed on the Kurdistan region over its independence vote after receiving a pledge of cooperation from Kurdish banks, an Iraqi banking source said.

 

All but four Kurdish-owned banks were allowed to send and receive dollar and foreign currency transfers on Wednesday, the source told Reuters. It is the first de-escalation measure in the crisis, which erupted after voters in the Kurdish region of northern Iraq overwhelmingly backed independence in a Sept. 25 referendum.

 

The Iraqi government has also imposed a ban on direct international flights to and from the Kurdish region.