Alwaght- Iraqi members of parliament voted on Monday to lift sanctions imposed on banks in the Kurdistan region after a botched secession bid.
Lawmakers in Baghdad approved that sanctions be lifted after they had “fulfilled their purpose” by enforcing federal controls on the Kurdish banking industry.
The Baghdad government will now enact the decision.
The sanctions included restrictions on dollar and foreign currency transfers and sales to four Kurdish-owned banks by the central bank in Baghdad.
A ban on direct international flights to and from the Kurdistan region, also imposed in retaliation for the Sept. 25 Kurdish secession vote, is still in place.
The central government in Baghdad said the vote, which was opposed by regional governments, is illegal.
In October, Iraqi government forces dislodged Kurdish fighters from several disputed areas including the oil region of Kirkuk.
