Financial master Mustafa Hantoush said on Tuesday that Iraq is presently going through a period of close complete breakdown in money related strategies.
In a statement to, Hantoush stated that “the matter is not limited to the banking system, but rather extends to the policy of protecting the local currency against foreign currencies, the policy of activating banking operations and supporting the Iraqi market, as well as the financing policy supporting the Iraqi sectors.” He added that “the most important policies that could collapse at the present time are the policy of preserving the national banking system and the policy of international monetary relations.”
He added, “Different strategies are undermined with breakdown, the most significant of which are the modern, rural, the travel industry and different approaches, notwithstanding the strategy of specialized legitimate financial assessment supporting the development of the business sectors,” taking note of that “the following stage should be to save money related arrangements through public financial and banking plans.”
It is noteworthy that the Iraqi banks urged the Iraqi government to use every tool at its disposal to repair the damage to them, as well as to the Iraqi banking sector as a whole, and to provide the assistance required to resolve the situation. End 25/J
