US requests CBI to merge dollar-banned banks and close distressed banks
- Author
- Tish Washington
- Published
- Wed 31 Jul 2024
- Episode Link
- https://podcasters.spotify.com/pod/show/tish-washington8/episodes/US-requests-CBI-to-merge-dollar-banned-banks-and-close-distressed-banks-e2mlcni
US requests CBI to merge dollar-banned banks and close distressed banks
link to My FX Buddies Blog
The sources noted that the Central Bank of Iraq is expected to implement swift actions in this regard. “This move aims to stabilize the banking sector and improve the exchange rate.”
“In response to Washington’s demands, the Central Bank has enlisted an international consultancy to devise a comprehensive plan, which will encompass the merging and closure of banks.” The sources said.
