Iraq Economic News and Points to Ponder Thursday AM 5-2-24
An Economic Planner Is Trying To Normalize Iraq… And Jordanian Banks Are Taking Care Of It
May 1 Information/Report.. Despite the sanctions affecting more than thirty Iraqi banks, the government did not work hard to lift the sanctions against them and is trying to replace them with Jordanian banks that arouse suspicion and suspicion because of their owners.
Four Jordanian banks were pushed by America into Iraq in an attempt to control the Iraqi economy from Another chapter on the government’s unconsciousness and duplicity regarding the Central Bank of Iraq’s dealings with granting licenses to foreign banks on the one hand and punishing local banks on the other hand.
Experts’ concerns indicate
complete control over banking and the benefit of the Jordanian economy at the expense of Iraq, and
American hegemony over the Iraqi economy may appear in a new form.
*An American game.
Speaking more about this file, the representative of the Al-Fatah Alliance, Muhammad Al-Baldawi, revealed the existence of an American game to change the facade of banking in Iraq by pushing Jordanian banks into the arena.
Al-Baldawi says, “America is trying to change its approach to controlling the Iraqi economy by imposing sanctions on Iraqi banks and introducing Jordanian banks, which is planned,” noting that
“attention must be paid to the suspicious role that America is playing in trying to control the Iraqi banking sector and hold it hostage.” With external banks. He adds,
“This game goes towards matching the visions of the Jordanian and American authorities,” noting that
one of the banks is owned by a person of Zionist origins. Lifting sanctions on Iraqi banks by the American side.”
An economic planner is trying to normalize Iraq… and Jordanian banks are taking care of it Clip_image002 https://media.almaalomah.me/archive/image/2024/5/1/4c6de8cd-feef-44ab-b616-796fa3f04139.jpg?preset=w750
Central Bank Duplication*
In addition, economic expert Ahmed Abd Rabbo confirmed that the Central Bank of Iraq works duplicatively in granting licenses to foreign banks and imposing sanctions on Iraqi banks.
Abd Rabbo said in a statement to the “Al-Ma’louma” agency,
“The work of the Central Bank of Iraq carries a great deal of duality between local and foreign banks, especially Jordanian ones,” noting that
the Central Bank granted licenses to four Jordanian banks: Housing, Jordan, Al-Ittihad, and Al-Arabi.” He continues,
“Granting licenses to these banks means losing control over the banking business in Iraq,” stressing that
“Jordanian banks swallow up Iraqi banks while local banks face American sanctions.” Abd Rabbo continues his speech:
“The management of the Central Bank has not succeeded in dealing with this important file, and it may pose a threat to the Iraqi economy,” pointing out,
“We have repeatedly called for changing the governor of the Central Bank of Iraq, but to no avail.”
Specialists believe that the economic file cannot be handed over in this way, as
it is a sovereign matter that affects the security and economy of the state, with the invasion and penetration of these banks into the economy in a large way that may make the Iraqi economy hostage to the Jordanian banks.
It is noteworthy that America imposed sanctions on 34 Iraqi banks in order to limit the Iraqi economy, and pushed the entry of Jordanian banks, which numbered four banks, into Iraq to fully control the Iraqi economy amid the negligence of the Iraqi government. Ended 25\c
“Hidden Hands”… An Expert Diagnoses A Strange Growth In The Profits Of Banks Owned By Non-Iraqis
May 1 Information / Baghdad.. The economic philanthropist, Manar Al-Obaidi, on Wednesday reported a “strange growth” in the profits of banks owned by non-Iraqis, warning of “hidden hands” behind it.
Al-Obaidi said in a publication seen by “The Information” that
“the profits of banks owned by non-Iraqi parties, according to the first quarter data, show significant growth and numbers that are strange for any sector,” wondering,
“Is it normal for any project to achieve annual profits amounting to 100% of the capital while Other banks are suffering, and
is it normal for a bank whose maximum profits in previous years did not exceed the barrier of 10 billion dinars as a maximum amounting to more than 300 billion Iraqi dinars within a year?” He added,
“It was a true success story based on free competition without external interference.
Of course, we are with it, but we fear that there are hidden hands that intended to make these particular banks achieve profits without others,” noting that
“one of the banks’ expected net profit in 2024 will be 100%.” % of its capital and the amount of cash credit granted by it does not exceed 2% of its total assets. Ended/25 hours
The “Deep State” In Iraq: A Struggle For Power In Light Of A Network Of Corruption And Influence
Deep state conflicts in Iraq: The assassination of “Umm Fahd” reveals the depth of the crisis
May 1, 2024Last updated: May 1, 2024
The Independent/- Baghdad is experiencing heated conflicts between the parties of the “deep state” since the return of Prime Minister Muhammad Shiaa Al-Sudani from his last visit to Washington.
Political sources indicate that these conflicts are due to fears about the results of the visit, which some pro-Iranian parties saw as a “departure from the agreed upon text.”
Disagreements over American agreements:
Al-Sudani’s opponents believe that the agreements he concluded with American entities and companies constitute a loss to Iran, which enjoys the largest share of the Iraqi economy’s returns.
Information indicates that these differences have begun to surface after disagreements emerged within the “coordination framework” against the backdrop of the latest elections for the governorate councils and the election of a new speaker of parliament.
Possible “bone fracture”:
Observers expect that the escalation of these conflicts will lead to unexpected “bone-breaking” operations, especially after two separate incidents that occurred last week:
Drone attack on the Kormor gas field in Sulaymaniyah: It is believed that this attack, which led to the death of several workers and the disruption of electrical power in large areas of the region, is a message from Iran’s pro-government militias that Iraq will not be able to end its import of Iranian gas.
Assassination of an influential social media figure: It is believed that the assassination of “Umm Fahd,” a person close to senior officers and prominent military and security figures, carries special political messages at this time.
“Umm Fahd” black box:
Before her death, Umm Fahd threatened to reveal “files that would collapse the political process and the military establishment.”
Many observers believe that it represents a “black box” that contains everything that those in power fear.
The Deep State: A Network of Corruption and Influence:
The deep state in Iraq is not limited to militias and mafia men, but also includes political, active, and even religious figures.
This network controls important aspects of the country from behind the scenes, and has external links as well.
Iraq: a model of a failed state:
Due to the control of the deep state, Iraq has turned into a model of a failed state that has nothing to do with it.
The leaders of this network use the method of physical elimination of those who pose a threat to it, as happened with “Umm Fahd.”
Future: Skilled surgeons for major surgery:
Iraq needs a “major surgery” performed by “skilled surgeons” to treat its incurable diseases.
But it seems that the current players are not qualified to fix what was corrupted by the past twenty years. https://mustaqila.com/الدولة-العميقة-في-العراق-صراع-على-الس/
To read more current and reliable Iraqi news please visit : https://www.bondladyscorner.com/
Provoking Thoughts and Points To Ponder On Conviction and Belief:
What is dangerous about extremists is not that they are extreme, but that they are intolerant. The evil is not what they say about their cause, but what they say about their opponents. – Robert F. Kennedy
It is a perplexing and unpleasant truth that when men already have ‘something worth fighting for’, they do not feel like fighting. – Eric Hoffer
Martyrdom has always been a proof of the intensity, never of the correctness of a belief. – Arthur Schnitzler
Belief is better than anything else, and it is best when rapt – above paying its respects to anybody’s doubt whatsoever. – Robert Frost
The peak of tolerance is most readily achieved by those who are not burdened with convictions. – Alexander Chase
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