Economist: The Central Bank has not succeeded in managing the banking system so far
Economist: The Central Bank has not succeeded in managing the banking system so far
4-24-2024
Information/Private..
The economic expert, Zia Mohsen, confirmed today, Wednesday, the inability of the Central Bank to impose its control over Iraqi banks, while he stressed that one of the reasons for the violations is the dominance imposed by many political parties.
Mohsen said in a statement to the Maalouma Agency, “The Central Bank of Iraq does not have the ability to control the banking system,” noting that “the main problem lies in the punishment of Iraqi banks by external parties represented by the Federal Bank.”
He pointed out that “the Central Bank did not succeed in managing the sanctions file and removing them from Iraqi banks,” adding that “there is a defect in the management of granting licenses to Iraqi and Arab banks as well.”
Mohsen concluded his speech: “The Central Bank did not identify the problems that the banking system is suffering from, nor the dollar exchange crisis,” noting that “the reasons for the violations are the hegemony imposed by many political parties.”
The economic expert, Mustafa Akram Hantoush, had confirmed that the measure taken by the Central Bank of Iraq was to grant operating licenses to Jordanian banks and to operate in the country, indicating that it was the duty of the Central Bank to strengthen Iraqi banks instead of Jordanian ones.
In an interview with the Maalouma Agency, a member of the House of Representatives, Suhaila Al-Sultani, directed a question to the Central Bank regarding approval to grant licenses to Arab and Jordanian banks in particular, while he confirmed that there are many banking problems facing Iraqi banks.
almaalomah.me
