Financial master Mustafa Hantoush cautioned today, Tuesday, of a threat to the Iraqi economy brought about by unfamiliar banks inside the country, while he called attention to that the National Bank assesses neighborhood banks as indicated by the “seventies standard.”
Hantoush told , “Iraqi banks are assessed by the National Bank of Iraq as per the (camels) standard, which is the norm of the seventies of the last 100 years, so we find shortcoming in the financial tasks of the Iraqi financial area on the grounds that the National Bank’s standard doesn’t give it significance in the assessment,” focusing on the need to “embrace a cutting edge standard that spotlights on (stores – credits – speculations – electronic installment).”
He brought up that “the Iraqi financial area is nearly at a halt, and work and benefits are restricted to various banks (possessed by unfamiliar proprietors) upheld by their nations and legislative leaders of their national banks,” taking into account that “these banks represent a danger to the Iraqi economy and their liquidity position is vague.”