Political expert Rafid Al-Atwani scrutinized, today, Wednesday, August 14, 2024, the banks in Iraq, particularly the confidential ones, because of the signs of debasement and the dollar pirating activities abroad that rotate around them, while he affirmed that the Iraqi banks are “unstable” and exchange dollars and don’t offer types of assistance to the Iraqi resident.
In an interview, Al-Atwani stated that the bank’s general reputation in Iraq is “very bad,” particularly for the private branch, and that it has been accused of corruption. In point of fact, the sanctions imposed on more than fifteen banks are evidence that there is genuine corruption.
He uncovers that the dollar gave by the National Bank of Iraq is heavily influenced by Jordanian and Qatari banks, as confirmed by numerous individuals from the Place of Agents. The proof for this is that when the public authority of Mohammed Shia al-Sudani was shaped, the different sides (the Government and Iraqi National Banks) concurred that the method involved with sending out or buying products (a large portion of which are tax evasion) would be through the Quick stage that all nations work on, which is a strong and sound association that screens the development of the dollar and forestalls illegal tax avoidance that hurts worldwide exchange. Nonetheless, after over a year, obviously these banks don’t follow these methods and purposely launder cash in concurrence with dealers and furthermore pirate the money through the immediate dollar deals window.
He points out that while the Central Bank of Iraq receives ninety percent of the dollar, only thirty percent of it is actually used to process exports. This means that more than sixty percent of the money is smuggled into the country or returned through money laundering.
These markers, as per Al-Atwani, show that the Iraqi banks and the administration of the National Bank are “unstable” and have not helped the Iraqi state. In actuality, we have not controlled the trading of the dollar against the Iraqi dinar, taking note of that more than one bank is partnered with political figures or their agents.
According to the political analyst, this scene suggests that Iraqi banks are unsound, trade in dollars, and do not offer services to Iraqi citizens like advances and commercial loans. The Iraqi people, the value of the Iraqi dinar, and Iraq’s external reputation are the most affected by favoritism in loan negotiations and favoritism toward influential political figures. He added that as per an assertion by an individual from the Money Board of trustees, the benefit of Jordanian banks from this debasement during the time spent reusing the dollar is in excess of 1,000,000 bucks each day.
In the meantime, Alsumaria News was informed by an informed source that “one of the banks that is operating and is not punished is withdrawing dollars through electronic energies at the official price in Dubai, and transferring them to Iraq to be sold in the market at the parallel price.”
