Iraq has witnessed a major transformation in its economic landscape, as Iraqi companies have become a target for foreign investments by Arab and foreign parties.
This economic invasion is evident in the increasing acquisition and ownership operations by foreign investors, whether from neighboring Arab countries or from various countries of the world, in the banking and commercial sectors. Iraqi.
This trend has raised questions about the impact of these investments on the local economy, and whether these companies and banks Iraqi Able to maintain its financial and operational independence, amidst this intense competition.
The deputy said president Parliamentary Economy and Industry Committee, MP Yasser Al-Husseini, told Sumarya News, “The clear and large penetration of Jordanian companies into Iraq “A dangerous precedent,” he said, noting that “all the projects it is implementing are economically useless.”
He added that “the Central Bank’s use of Jordanian consultants is an act of the Jordanian-Iraqi National Bank at the expense of our Iraqi banking sector,” noting that “the use of Jordanian bank managers increases the rate of currency smuggling because they receive large salaries that are transferred outside the country.”
Mustafa Hantoush, a financial and banking expert, told Sumarya News, “The banking system in any nation It is (the depth of economic security) because it deals with society and its savings and is able to provide money and redirect according to the decision-makers in those banks,” noting that “it is necessary for the Iraqi banking system to be (Iraqi par excellence) in order for the direction to be towards supporting the Iraqi economy and recycling profits internally.”
He pointed out that “the control of some foreign investors over remittances has begun to develop into a stage where foreign (managers – consultants) control senior positions in most banks.”Iraqi Under the pretext and direction of (establishing banking relations with banks in their countries) and with salaries double the salaries of Iraqi managers,” explaining that “the next stage will not only be a specific number of investors in foreign banks controlling Iraq Rather, foreign cadres may control most of the banks. Iraqi We may reach a stage where the presence of Iraqis as managers in Iraqi banks is a strange case.
He called for “developing banking cadres.”Iraqi And to maintain it in banking work and at all administrative levels, including the highest ones.”
alsumaria.tv
