Warning of US sanctions: “They have eroded confidence in Iraqi banking institutions.”
Warning of US sanctions: “They have eroded confidence in Iraqi banking institutions.”
2025-10-15 03:06
Shafaq News – Baghdad
Financial expert Mahmoud Dagher said on Wednesday that the recent US sanctions on Iraq have caused a “loss of confidence in the country’s banking institutions.”
Dagher, who previously served as the director general of the Central Bank, told Shafaq News Agency, “There is no direct impact from the US sanctions, but there is an indirect impact, which is the loss of confidence in Iraqi banking institutions.”
He added, “The new sanctions targeted a public company that was subject to state-sponsored sanctions, which impacts psychologically, confidence, the economy, and finances,” noting that “without this confidence, the market falters.”
He expected that there would be a series of upcoming US sanctions.
Last Thursday, the US Treasury Department announced sanctions on Iraqi banking companies and individuals, including the Al-Muhandis State Company, the economic arm of the Popular Mobilization Forces (PMF), a number of prominent bankers, and companies suspected of having ties to the Iranian Revolutionary Guard Corps and Kata’ib Hezbollah.
shafaq.com
