Al-Shabaki: The Central Bank’s resort to Jordanian banks raises suspicion and doubt

Al-Shabaki: The Central Bank’s resort to Jordanian banks raises suspicion and doubt

7-13-2024

Al-Shabaki - The Central Banks resort to Jordanian banks raises suspicion and doubtInformation / Special..
Former member of the Finance Committee, Mohammed Al-Shabaki, confirmed today, Saturday, that the Central Bank’s resorting to Jordanian banks raises suspicion and doubt, calling for granting Iraqi banks a greater role in the coming stage.

Al-Shabaki said in a statement to Al-Maalouma Agency, “The issue of the US Treasury imposing sanctions on Iraqi banks despite not committing any noteworthy violations is a frustrating matter and must be addressed urgently and accurately.”

He added that “the targeting of Iraqi banks is a deliberate matter by the US Federal Reserve in order for the intermediary banks represented by the Jordanian banks to take over this role,” indicating that “Iraq’s resorting to Jordanian banks is considered economic dependency, and this is what we do not allow.”

He added, “Iraq must not allow sanctions to be imposed on Iraqi banks and a clear structure must be established for them in order for them to rise to an acceptable level,” noting that “without economic sovereignty, Iraq cannot achieve financial stability.”

It is noteworthy that America imposed sanctions on 34 Iraqi banks in order to limit the Iraqi economy, and is pushing for the introduction of Jordanian banks into Iraq to completely control the Iraqi economy amid the silence of the Iraqi government.

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