Mahmoud Al-Hayani, a member of the Al-Fatah Alliance, revealed today, Saturday, that foreign banks in Iraq do not have a monetary value that benefits Iraq and that there are large corruption files within the Iraqi banking sector with the involvement of important figures.
Al-Hayani said in a proclamation to , “Unfamiliar banks, particularly Jordanian banks, don’t have the assets through which they can supply the Iraqi market with the money related mass, and their presence inside Iraq causes more damage than great,” taking note of that “the National Bank of Iraq couldn’t track down arrangements and didn’t ascend to the expected level.”
He went on to say that “the reason for the entry of foreign banks into the country is due to American dictates that were exercised on the Central Bank in order to grant them licenses to operate in Iraq in accordance with special privileges,” and that “the Iraqi government needs support from political forces and concerted efforts in order to keep banking work away from suspicion and corruption.”
The monetary master, Mustafa Akram Hantoush, had affirmed that the action taken by the National Bank of Iraq, to give work licenses to Jordanian banks and work in the nation, demonstrating that it is the obligation of the National Bank to reinforce Iraqi banks rather than Jordanian ones.
