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Most private banks in Baghdad declares bankruptcy
14-10-2015 11:44 AM
A source in the Ministry of Finance confirmed that most of the private banks do not provide financial liquidity, to the heavy demand for withdrawal and lack of deposits as a result of the financial crisis in the country. Where the source An'agelb banks are suffering from a large deficit in liquidity due to lack of sufficient funds and sudden withdrawal of cash by citizens'. The source added that 'entry of most of the banks in the real estate speculation that has seen a sharp drop in prices'.
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