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[size=52]Prime Minister: Iraqi banks may collapse in the face of any financial crisis[/size]
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Information / Baghdad..
On Thursday, Prime Minister Muhammad Shia al-Sudani criticized the banking sector in Iraq and its role in the economic process.
Al-Sudani said in a special session of the Iraq Forum, which was followed by Al-Malooma, "Unfortunately, we do not have a banking system, neither governmental nor private, in Iraq. Rather, it is a real problem, and with the first earthquake, the banks collapsed."
He added: I say it with confidence, that if it were not for our procedures with the Central Bank, we would not have been able to face the exchange rate crisis.
He pointed out that "corruption in Iraq needs a decision and will, and the government will not hesitate to hold the corrupt accountable, and we have no red lines," noting that "recovering money and wanted persons is a key factor in the war on corruption." Ended/25 h
[You must be registered and logged in to see this link.]
On Thursday, Prime Minister Muhammad Shia al-Sudani criticized the banking sector in Iraq and its role in the economic process.
Al-Sudani said in a special session of the Iraq Forum, which was followed by Al-Malooma, "Unfortunately, we do not have a banking system, neither governmental nor private, in Iraq. Rather, it is a real problem, and with the first earthquake, the banks collapsed."
He added: I say it with confidence, that if it were not for our procedures with the Central Bank, we would not have been able to face the exchange rate crisis.
He pointed out that "corruption in Iraq needs a decision and will, and the government will not hesitate to hold the corrupt accountable, and we have no red lines," noting that "recovering money and wanted persons is a key factor in the war on corruption." Ended/25 h
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