Monday, September 9, 2024

Economist: The Ban On Iraqi Banks May Be Lifted Within Six Months, 10 SEPT

 Economist Ahmed Abd Rabbo revealed today, Sunday, that 

Oliver Wyman has conducted a comprehensive review of the conditions of Iraqi banks, and its report may be issued after six months.
 
Abd Rabbo said in a special statement to the Maalouma Agency,
 
“The decisions of that company regarding the sanctioned banks will be binding on the Central Bank of Iraq and the US Federal Reserve,” noting that
 
“reforming the banking system facilitates the process of economic reforms.”  He continued,
 
"The company's final report may lift the ban on Iraqi banks, while it was positive," pointing out that
 
"lifting the ban on Iraqi banks will help support the Iraqi economy."
 
It is noteworthy that America imposes several sanctions on Iraqi banks in an attempt to pressure the Iraqi government to pass various policies.    https://almaalomah.me/news/75810/economy/اقتصادي:-الحظر-على-المصارف-العراقية-قد-يرفع-خلال-ستة-اشهر   

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EXCERPTS OF MNT GOAT: "WHY WOULD IRAQ EVEN NEED THIS SOVEREIGN FUND?" , 19 SEPT

  😊Another article today on establishing a sovereign fund   but this time it is more seriously addressed and more aggressively and not just...