KTFA
FRANK26: "CBI CONTROLS WITH A NEW EXCHANGE RATE"........F26
Source: Loans and advances have been suspended in banks since the beginning of the year.. and the reasons are revealed
2/14/2025
An informed source reported that Iraqi banks have not issued any loans or advances since the beginning of this year until now.
The source told Al Furat News Agency that "the reason behind this halt is the lack of financial liquidity and the required allocations."
He pointed out that it is also likely that "the suspension will be to await the approval of the new controls and conditions by the Central Bank of Iraq and other relevant authorities, in preparation for their launch.
He pointed out that it is also likely that "the suspension will be to await the approval of the new controls and conditions by the Central Bank of Iraq and other relevant authorities, in preparation for their launch.