Economist: Discordant voices benefited from the attack on private banks through the media

  Economist: Discordant voices benefited from the attack on private banks through the media

tack on private banks through the media

2/6/2024   Baghdad

The economic expert, Alaa Al-Fahd, on Tuesday accused those with discordant votes of inciting the street and the media against private banks to harm the national economy.

Al-Fahd said in a televised interview followed by Mawazine News, “These parties spread rumors that there are banking problems in the private sector in Iraq and that there is chaos and fraud,” pointing out that on “the ground there is nothing tangible from these rumours.”

He added, "Private banks began working since 2023 in financial development and transformation within a transitional phase from paper to electronic phase."

 Al-Fahd continued, “These parties, whether local or regional, are working to inflame the situation or spread false news to frustrate the resolve within banking institutions.” LINK