Why did the Central Bank hesitate to implement the measures taken against Iraqi private banks?
Why did the Central Bank hesitate to implement the measures taken against Iraqi private banks?
2024-09-27 | 06:24
Local, including liquidation and guardianship, where it was taken Central Bank Iraqi sentence From the decisions against a number of Iraqi private banks for violating banking instructions.
The source said in an interview with Sumerian News, “Ban kBabylon It was referred to forced liquidation, and the bank was placed under guardianship. Arabic Islamic and Middle East Bank Iraqi For investment.
The source pointed out that “the guardianship period of the bank has been extended.”North Until October 31st.
The source said, “These decisions were delayed without knowing the reasons.”
Economists wondered “why the Central Bank was hesitant in issuing decisions on these banks, while I believe…Some Among them is that “political pressures from high-ranking sources were exerted on the Central Bank with the aim of delaying the implementation of these decisions.”
They pointed out that “this indicates the presence of corrupt parties behind these banks that have failed in their work and violated the laws and regulations in force,” stressing “the need to amend the work context of these banks, which, if their violations continue, will indicate negative indicators for the economy. “Iraqi Which the government seeks to reform through a package of measures.
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