"What has happened in Iraq is a mess and can be fixed sooner than we think" by MNT GOAT, 4 AUGUST

ALIA NASSIF: THE CENTRAL BANK “EXECUTED” IRAQI BANKS WITH NEW PROCEDURES

Member of Parliament Alia Nassif commented today, Tuesday, after granting a license to the Arab Jordanian Bank and the Emirates Federation to work in Iraq, stressing that this method is killing Iraqi banks.

Nassif said in a tweet on the (x) platform, which was followed by / Today’s News /, “In this way, Iraqi banks are being executed. A license has been granted to the Arab Jordanian Bank and the Emirates Federation to work in Iraq, and they will start their work at the beginning of next September, alongside the National Bank. The license will also be granted to two banks (Kuwaiti and Qatari), while many Iraqi banks continue to stop and more of them will be stopped due to the management of the Central Bank of Iraq, which did not address the problem during the past period, but rather worked to enter them into contracts with the K2.”

She added: “Paying them money without results. The banking sector is being punished for mistakes for previous years in which it was under the supervision of the same current management of the Central Bank, so why was this management not punished for failing to fulfill its duty to supervise the work of those banks?!

(You can’t escape reality by pointing the finger to someone else. What has happened in Iraq is a mess and can be fixed sooner than we think. Both the CBI, the Judicial system and the banks are at fault. The laws are already in place only no one is challenging the corruption or punishing those who break the law. Not to say there has not been some, but most have not been challenged even. Now once the Feds stepped in and threatened to stop the dollar flow, we can see some reaction to this.)