Baghdad – IA
Experts in financial and banking affairs praised the great cooperation between the Central Bank and the government to organize foreign transfers.
Financial and banking expert Mahmoud Dagher said to the “Al-Ashra” program shown on Al-Iraqiya News, followed by the (INA), that “there is a need for all banks to follow the procedures of the Central Bank,” pointing out that “there are banks whose access to the dollar is restricted and no sanctions have been issued against them.”
He added, “The banks that were restricted from regulating their affairs came to bypass the temporary suspension,” noting that “the United States is using the excuse that some people caused the dollar to reach prohibited destinations.”
He continued, “Political conflicts should not push the economic life of citizens,” adding: “If the US Treasury had sanctions proven by evidence, it would announce that.”
He pointed out that “Arab and foreign banks cannot be an alternative to private banks.”
For his part, Advisor to the Association of Private Banks, Samir Al-Nusairi, said to the “10th” program: “Exaggerating events causes negative repercussions on the financial sector,” stressing that “the cooperation of the Central Bank with the government has yielded good results in organizing foreign transfers.”
He added, “The new banks were not punished, but rather restricted to further adhere to international standards,” noting that “the banks fully adhered to international standards during 2023.”
In turn, economic expert Alaa Al-Fahd mentioned to the “10th” program: “Rumors are working to inflame local public opinion against the banking sector,” pointing out that “applying international standards is not in the interest of those who benefit from the previous chaos.”
He added, “The American sanctions are based on unconfirmed reports and information.”