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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Banking scandal: A coalition of foreign banks threatens the sovereignty of Iraqi financial decision-

    Rocky
    Rocky
    Rocky
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    • Post n°1

    banks - Banking scandal: A coalition of foreign banks threatens the sovereignty of Iraqi financial decision- Empty Banking scandal: A coalition of foreign banks threatens the sovereignty of Iraqi financial decision-

    Post by Rocky Mon 01 Jan 2024, 2:25 pm

    [size=38]Banking scandal: A coalition of foreign banks threatens the sovereignty of Iraqi financial decision-making[/size]


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    January 1, 2024[You must be registered and logged in to see this link.]
    Baghdad / Obelisk Event: The Jordan Kuwait Bank bought 60 percent of the shares of the Bank of Baghdad and began amending its structure, while the representative in the Iraqi Parliament, Alia Nassif, said that what is happening is a clear legal violation, as foreign banks are not entitled to have a share of the shares greater than the quota. Iraqi government so that it does not control the Iraqi decision and steal money from the currency auction.
    The representative's statement raises controversy regarding the Jordanian-Kuwaiti Bank's acquisition of a large percentage of the Bank of Baghdad's shares, which raised questions about foreign shares in Iraqi banks and their impact on the control of local financial decisions.
    The observations received address foreign banks exceeding the limits of their permissible shares in Iraqi banks, and criticize this foreign control over the structures of local banks.
    The statement indicates that these banks exceeded the legal limits imposed on their generous shares, which some see as a transgression and a clear violation of Iraqi financial laws.
    This situation raises concerns about foreign control over the Iraqi financial sector and its repercussions on local financial and economic policies.
    There are concerns about the impact of these quotas on the currency auction and control of Iraqi financial decisions.
    The representative called on the Prime Minister to intervene to verify these activities and ensure that foreign banks comply with local laws. This reflects a call to preserve the sovereignty of Iraqi financial and economic decisions and prevent external influences on the internal financial sector.
    It is important that investigations are conducted to ensure compliance with local laws and to ensure local control over financial decisions.
    This highlights the importance of supervision and regulation to ensure the supremacy of financial decision-making in light of the complex economic and financial repercussions in Iraq, especially since the countries of the region have done this so far with 5 Iraqi banks.
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