The Parliamentary Investment and Development Committee revealed the intention of Central Bank Governor Ali Al-Alaq to submit a report to the US Treasury to lift the ban on 28 banks.
The head of the committee, Hassan Al-Khafaji, said in a statement followed by Al-Ghad Press, “The committee proposed to the Governor of the Central Bank, Ali Al-Alaq, to support private private banks and involve them in loans,” explaining that “the governor confirmed his support after lifting minor violations against some banks.”
He pointed out that “the governor of the Central Bank promised to submit a report to the US Treasury to lift the ban on Iraqi banks, which number 28 private banks,” expecting “the ban on those banks to be lifted during the coming period.”
Al-Khafaji stressed “his committee’s support for the private sector as it is the public sector’s strategic partner and ally, and a country cannot progress and prosper without the private sector,” pointing out that “the private sector will participate with the public sector in many important strategic projects, electrical, industrial, and others.”
