by Rocky Tue 30 Jul 2024, 5:34 pm
Today, 11:40Baghdad Member of Parliament Alia Nassif criticized, on Tuesday, the Central Bank’s measures towards local banks, following the granting o... ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Today, 11:40
Baghdad
Member of Parliament Alia Nassif criticized, on Tuesday, the Central Bank’s measures towards local banks, following the granting of licenses to Arab banks to operate inside Iraq, noting that this method will lead to the “execution” of Iraqi banks.
Nassif wrote a post on the “X” platform, titled “This is how Iraqi banks are being executed!” Al-News reviewed it, saying, “A license has been granted to the Arab Jordanian Bank and the Emirates Federation to work in Iraq, and they will begin their work at the beginning of next September, alongside the National Bank. The license will also be granted to two banks (Kuwaiti and Qatari).”
She pointed out that "many Iraqi banks continue to stop and more of them will stop because of the management of the Central Bank of Iraq, which did not address the problem during the past period, but rather worked to bring them into contracts with K2 and pay them money without result."
Nassif continued, "The banking sector is being punished for mistakes made in previous years, during which it was under the supervision of the same current Central Bank administration," asking, "Why was this administration not punished for failing to fulfill its duty to supervise the work of these banks?"
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One can not help to wonder why there is blow back on the Central Bank when the Central Bank has been working to curb the corruption for years. Now the CBI has the tools and is becoming more and more successful to now having ceased the flow of illegal sales of dollars outside the proper legal channels..
I also find the new licenses for Kuwait and Qatar to be interesting in that they both have significant value differences than 1310.. They both are trading partners... imo ~ MM | | | |
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