Today, Saturday, former MP Mohammed Al-Shabaki said that the United States of America significantly hampered the banking sector’s work in Iraq.
“The visit of the Governor of the Central Bank to Washington is very important to discuss lifting sanctions on political figures and also on Iraqi banks that were restricted and did not breach the US Federal Reserve systems,” Al-Shabaki said in a statement to the public.
He went on to say that “there has been an obstruction by the American side to the work of this sector over the past years and up until now,” indicating that “the banking sector is the most important in the country and without it there can be no reconstruction or development in Iraq.”
He noted that “America claims that some banks are laundering currency and through its claims it has come to dominate the banks” and that “the method of imposing monetary guardianship on the Iraqi economic policy by the American side from time to time must end.”
According to reliable sources, Ali Al-Alaq, governor of the Central Bank of Iraq, will unannouncedly travel to the United States to discuss the sanctioned banks with Washington officials.
