Al-Fath: Foreign banks in Iraq have no cash value
Al-Fath: Foreign banks in Iraq have no cash value
8-3-2024
Information/Special..
Member of the Al-Fatah Alliance, Mahmoud Al-Hayani, revealed today, Saturday, the existence of large corruption files within the Iraqi banking sector and the involvement of major figures, while he confirmed that foreign banks in Iraq do not have a monetary value that benefits Iraq.
Al-Hayani said in a statement to Al-Maalouma Agency, “Foreign banks, especially Jordanian banks, do not have the funds through which they can supply the Iraqi market with the monetary mass, and their presence inside Iraq does more harm than good,” noting that “the Central Bank of Iraq was unable to find solutions and did not rise to the required level.”
He added, “The reason for the entry of foreign banks into the country is due to American dictates that were exercised on the Central Bank in order to grant them licenses to operate in Iraq according to special privileges,” noting that, “The Iraqi government needs support from political forces and concerted efforts in order to keep banking work away from suspicion and corruption.”
The economic expert, Mustafa Akram Hantoush, had confirmed that the measure taken by the Central Bank of Iraq, to grant work licenses to Jordanian banks and work in the country, indicating that it is the duty of the Central Bank to strengthen Iraqi banks instead of Jordanian ones.
almaalomah.me
