Tuesday, the economic expert, Nasser Al-Kinani, revealed the number of Iraqi banks affected by US sanctions, while he confirmed that the Federal Bank has suspended the work of 26 banks so far.
Al-Kanani said in an interview with the Maalouma Agency, “The US Treasury did not justify the reasons for the suspension or the sanctions that were issued against these banks,” noting that “the sanctions removed these banks from the platform for selling dollars at the Central Bank.”
He continued, “The sanctions have permanently stopped all foreign transactions and services provided by these banks,” pointing out that “the sanctions issued by the US Federal Reserve are aimed at manipulating and influencing the Iraqi economy.”
Al-Kanani concluded his speech: “The sanctions have greatly affected the Iraqi economy, especially the issue of providing hard currency to citizens from these banks,” adding that “the Federal Bank has suspended the work of 26 banks so far.”
A member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, had criticized, in an interview with the Al-Ma’louma Agency, “the US Federal Reserve’s sanctions on Iraqi banks in an attempt to undermine the government’s success that the latter is pursuing.”
almaalomah.me
