An Economic Planner Is Trying To Normalize Iraq... And Jordanian Banks Are Taking Care Of It
May 1 Information/Report.. Despite the sanctions affecting more than thirty Iraqi banks, the government did not work hard to lift the sanctions against them and is trying to replace them with Jordanian banks that arouse suspicion and suspicion because of their owners.
Four Jordanian banks were pushed by America into Iraq in an attempt to control the Iraqi economy from Another chapter on the government's unconsciousness and duplicity regarding the Central Bank of Iraq's dealings with granting licenses to foreign banks on the one hand and punishing local banks on the other hand.
Experts' concerns indicate
complete control over banking and the benefit of the Jordanian economy at the expense of Iraq, and
American hegemony over the Iraqi economy may appear in a new form.
*An American game.
Speaking more about this file, the representative of the Al-Fatah Alliance, Muhammad Al-Baldawi, revealed the existence of an American game to change the facade of banking in Iraq by pushing Jordanian banks into the arena.
Al-Baldawi says, “America is trying to change its approach to controlling the Iraqi economy by imposing sanctions on Iraqi banks and introducing Jordanian banks, which is planned,” noting that
“attention must be paid to the suspicious role that America is playing in trying to control the Iraqi banking sector and hold it hostage.” With external banks. He adds,
“This game goes towards matching the visions of the Jordanian and American authorities,” noting that
one of the banks is owned by a person of Zionist origins. Lifting sanctions on Iraqi banks by the American side.”
An economic planner is trying to normalize Iraq... and Jordanian banks are taking care of it Clip_image002 https://media.almaalomah.me/archive/image/2024/5/1/4c6de8cd-feef-44ab-b616-796fa3f04139.jpg?preset=w75
Central Bank Duplication*
In addition, economic expert Ahmed Abd Rabbo confirmed that the Central Bank of Iraq works duplicatively in granting licenses to foreign banks and imposing sanctions on Iraqi banks.
Abd Rabbo said in a statement to the “Al-Ma’louma” agency,
“The work of the Central Bank of Iraq carries a great deal of duality between local and foreign banks, especially Jordanian ones,” noting that
the Central Bank granted licenses to four Jordanian banks: Housing, Jordan, Al-Ittihad, and Al-Arabi.” He continues,
"Granting licenses to these banks means losing control over the banking business in Iraq," stressing that
"Jordanian banks swallow up Iraqi banks while local banks face American sanctions." Abd Rabbo continues his speech:
“The management of the Central Bank has not succeeded in dealing with this important file, and it may pose a threat to the Iraqi economy,” pointing out,
“We have repeatedly called for changing the governor of the Central Bank of Iraq, but to no avail.”
Specialists believe that the economic file cannot be handed over in this way, as
it is a sovereign matter that affects the security and economy of the state, with the invasion and penetration of these banks into the economy in a large way that may make the Iraqi economy hostage to the Jordanian banks.
It is noteworthy that America imposed sanctions on 34 Iraqi banks in order to limit the Iraqi economy, and pushed the entry of Jordanian banks, which numbered four banks, into Iraq to fully control the Iraqi economy amid the negligence of the Iraqi government. Ended 25\c
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