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Fix the banks before you fix the merchants!!.. Mahdi Al-Bannai
2023-02-20
Mahdi Al-Bannai wrote:
It is not the duty of central banks to carry out direct financing initiatives for the economy, this is the responsibility of the banks!
Nor is it obligatory to carry out financial transfers, as this is the responsibility of banks as well!
But its failure to build a real banking system, and to organize its work tightly, prompted it to tackle these tasks on its own, and to bear burdens and details beyond its capabilities, and responsibilities that were not prepared for it!
(Shadow banks) or (party banking shops) are institutions that practice some banking functions,
but they are structured to avoid the rules regulating banking work, in order to devote themselves to the purpose for which they were originally established, speculation and smuggling!!
https://yesiraq.com/اصلحوا-المصارف-قبل-أن-تُصلحوا-التجار/
