"SUDANI ORGANIZES THE BANKS OF IRAQ FOR THE MONETARY REFORM" BY FRANK26, 1 AUGUST

 KTFA

FRANK26: "SUDANI ORGANIZES THE BANKS OF IRAQ FOR THE MONETARY REFORM"......F26

 

At US request, the Central Bank of Iraq is moving towards merging banks banned from dealing in dollars

7/30/2024

 

Informed sources revealed, on Tuesday, that there is a new American request to the Central Bank of Iraq, which includes merging the banks banned from dealing in dollars into the currency auction.

 

The sources told Shafaq News Agency, "The US Treasury and the Federal Reserve have asked the Central Bank of Iraq to merge the banks restricted from using the dollar, and to close some troubled banks."

 

The sources added, "The Central Bank of Iraq is required today to take rapid measures to merge banks and close the troubled ones in order for them to return to banking work, which will have a positive impact on the exchange rate. For this reason, the Central Bank has contracted with an international company to present a plan for the banking sector, which will include merging banks and closing some of them."

 

Informed sources revealed that "this company, recommended by the Americans, is similar to the work of K2 , without revealing its name or revealing further details."

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