Sudanese personalizes notes on US sanctions: We will not abandon private banking sector
Economy News – Baghdad
Prime Minister Mohammed Shiaa Al-Sudani confirmed the existence of observations on US Treasury sanctions on Iraqi banks, while noting the government’s continued support for the private banking sector.
Al-Sudani said, in a press conference, followed by “Economy News”, that “the government has made an important way by making Iraq’s trade clear despite the challenges that appear from time to time,” adding: “All our trade passes today through the electronic platform and through the audit of (K2), that is, there are notaries of financial transfer operations.”
He added, “What decisions come from the US Treasury on Iraqi banks, which we have more than one observation on, are decisions related to observations on the performance of banks in previous governments, not the current government.”
The Prime Minister stressed that “transactions and financial transfers for Iraqi trade, during the current period, pass through a clear electronic platform, in front of financial institutions, so this process has gained reliability.”
Al-Sudani explained that “the government continues to support the private banking sector, and it cannot be abandoned, and we are working to address all the observations in its performance, and we are doing it to be a partner with us for the desired development process in the country.”
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Added 2024/02/21 – 9:32 AM
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