Seven Iraqi banks previously blocked from international transactions have been cleared to resume access to global banking channels. The US government imposed restrictions on these banks, hindering their ability to participate in international finance. This development marks the first phase of a broader effort to reintegrate the Iraqi banking sector into the global financial system. The move is expected to facilitate trade, investment, and economic growth in Iraq. Details regarding the specifics of the clearance and any ongoing monitoring were not immediately available. This positive step aims to bolster Iraq’s financial stability and strengthen its economic ties with the international community, promising greater access to funds and services for Iraqi businesses and citizens.