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An economic expert proposes a solution to end the Jordan National Bank's "takeover" of the currency window
Economy 05-13-2024 | 05:47
5,777 views
Alsumaria News - Economy
Economist Duraid Al-Anzi proposed, today, Monday,
a solution to end the “takeover” of the Jordan National Bank of the currency selling window, noting that the
continuation of the situation as it is poses great financial risks to Iraq.
Al-Enezi said in an interview with Al-Sumaria News,
“The Jordan National Bank has internal and external privileges and extensive relations and correspondents, and
it took advantage of the weakness of the Iraqi banks in this aspect by seizing the largest part of the currency selling window,” indicating that
“the Central Bank is unable to find a solution to this process because There are risks in it.” Al-Enezi added,
"These risks are represented by the fact that the transfers that go out from the Central Bank to the Jordanian Bank are unsafe if it is subjected to any external accounting, because Iraq does not have any control over it as a foreign bank."
Al-Enezi proposed to the Central Bank a solution to this problem by saying,
“Iraq has 19 banks with a high credit rating and they are free of dust, and
if a coalition occurs between 5 or 6 banks among them, their capabilities will be greater than the Jordan National Bank and
they will undertake the transfer process and enter the currency selling window.” Stating that
"the Central Bank in this case will ensure that Iraq's money is not risked, as
these banks are local and not foreign, as is the case with the Jordan National Bank."
https://www.alsumaria.tv/news/economy/488489/خبير-اقتصادي-يقترح-حلا-لإنهاء-استحواذ-البنك-الأهلي-الأردني-على-نافذة-ا
Economy 05-13-2024 | 05:47
5,777 views
Alsumaria News - Economy
Economist Duraid Al-Anzi proposed, today, Monday,
a solution to end the “takeover” of the Jordan National Bank of the currency selling window, noting that the
continuation of the situation as it is poses great financial risks to Iraq.
Al-Enezi said in an interview with Al-Sumaria News,
“The Jordan National Bank has internal and external privileges and extensive relations and correspondents, and
it took advantage of the weakness of the Iraqi banks in this aspect by seizing the largest part of the currency selling window,” indicating that
“the Central Bank is unable to find a solution to this process because There are risks in it.” Al-Enezi added,
"These risks are represented by the fact that the transfers that go out from the Central Bank to the Jordanian Bank are unsafe if it is subjected to any external accounting, because Iraq does not have any control over it as a foreign bank."
Al-Enezi proposed to the Central Bank a solution to this problem by saying,
“Iraq has 19 banks with a high credit rating and they are free of dust, and
if a coalition occurs between 5 or 6 banks among them, their capabilities will be greater than the Jordan National Bank and
they will undertake the transfer process and enter the currency selling window.” Stating that
"the Central Bank in this case will ensure that Iraq's money is not risked, as
these banks are local and not foreign, as is the case with the Jordan National Bank."
https://www.alsumaria.tv/news/economy/488489/خبير-اقتصادي-يقترح-حلا-لإنهاء-استحواذ-البنك-الأهلي-الأردني-على-نافذة-ا
