Economist: Ban on Iraqi banks may be lifted within six months

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Economist: Ban on Iraqi banks may be lifted within six months

Ahmed Abdul Rabbo, an expert in economics, said on Sunday that Oliver Wyman has done a thorough study of the state of Iraqi banks and may release a report in six months.

“The decisions of this company regarding the sanctioned banks will be binding on the Central Bank of Iraq and the US Federal Reserve,” Abdul Rabbo stated in a special statement to, noting that “reforming the banking system facilitates the process of economic reforms.”

He went on to say, “The company’s final report may lift the ban on Iraqi banks, while it was positive,” and he pointed out that “lifting the ban on Iraqi banks will help support the Iraqi economy.”

It is essential that America forces a few authorizations on Iraqi banks trying to constrain the Iraqi government to pass various strategies.