The Closure Of Most Private Banks And Fears Of A Liquidity Crisis Amid Citizen Anger, 7 OCT

 private files ,   2024/10/06 23:57 , Number of readings: 174  Baghdad - Iraq today:  Today, many banks in Iraq witnessed a state of chaos and tension after their sudden closure, which raised widespread concern among citizens, especially with the emergence of reports of some other banks refusing to return customer deposits under the pretext of a lack of cash liquidity.

 This development prompted many citizens to quarrel with the managements of the banks that remained open, in light of mounting fears that the officials of these banks would flee after emptying them of funds.

 Banks that closed their doors include:   World Bank   Assyrian consumption   Consumption of Babylon  Al Ansari Bank   Middle East Bank   Holding Bank   Noor Bank of Iraq   Trans-Iraq Bank   Al Huda Bank   Mosul Bank

 As for the banks that remained open, but refused to return customer deposits under the pretext of a lack of liquidity, they include:   National Bank   Consumption of Baghdad   Development Bank   Hermit Bank   South Bank  United Bank   Union Bank   Spectrum Bank

 This sudden closure comes amid reports of financial turmoil hitting the banking sector in Iraq, as

many customers expressed their fear of losing their money amid increasing rumors about the intention of some bank officials to flee outside the country after withdrawing financial assets from the branches.  

 https://iraqtoday.com/news/85298/إغلاق-أغلب-المصارف-الأهلية-ومخاوف-من-أزمة-سيولة-وسط-غضب-المواطنين