Home
An economist warns of “danger” and takes aim at the central bank: Banks are rated at the 1970s standard
Special Sumerian 2024-08-13 | 11:23
1,313 views
Economic expert, Mustafa Hantoush, warned today, Tuesday, of a danger to the Iraqi economy caused by foreign banks inside the country, while noting that the
Central Bank evaluates local banks according to the “standard of the 1970s.”
Hantoush told Al-Sumaria News,
“Iraqi banks are evaluated by the Central Bank of Iraq using the Camels standard, which is the standard of the seventies of the last century.
Therefore, we find weakness in the banking operations of the Iraqi banking sector because the Central Bank’s standard does not give them importance in the evaluation,”
stressing that The necessity of “adopting a modern standard that focuses on (deposits - loans - investments - electronic payment).” He pointed out that
"the Iraqi banking sector is almost at a standstill, and work and profits are limited to a number of banks (owned by foreign owners) supported by their countries and their central bank governors," considering that
"these banks pose a threat to the Iraqi economy and their liquidity position is ambiguous."
https://www.alsumaria.tv/news/alsumariaspecial/496992/اقتصادي-يحذر-من-خطر-ويصوب-نحو-البنك-المركزي-المصارف-تقيم-بمعيار-السبعي
Special Sumerian 2024-08-13 | 11:23
1,313 views
Economic expert, Mustafa Hantoush, warned today, Tuesday, of a danger to the Iraqi economy caused by foreign banks inside the country, while noting that the
Central Bank evaluates local banks according to the “standard of the 1970s.”
Hantoush told Al-Sumaria News,
“Iraqi banks are evaluated by the Central Bank of Iraq using the Camels standard, which is the standard of the seventies of the last century.
Therefore, we find weakness in the banking operations of the Iraqi banking sector because the Central Bank’s standard does not give them importance in the evaluation,”
stressing that The necessity of “adopting a modern standard that focuses on (deposits - loans - investments - electronic payment).” He pointed out that
"the Iraqi banking sector is almost at a standstill, and work and profits are limited to a number of banks (owned by foreign owners) supported by their countries and their central bank governors," considering that
"these banks pose a threat to the Iraqi economy and their liquidity position is ambiguous."
https://www.alsumaria.tv/news/alsumariaspecial/496992/اقتصادي-يحذر-من-خطر-ويصوب-نحو-البنك-المركزي-المصارف-تقيم-بمعيار-السبعي
