Shafaaq News reports that the Central Bank of Iraq (CBI) has announced its intention to privatize the two largest banks in the country.
It quotes CBI Governor Ali al-Alaq as saying:
"The bank's management is moving to privatize al-Rafidain and al-Rasheed Banks or participate with the private sector ... the move is being coordinated with the World Bank after the Cabinet approved this proposal."
He explained that "these two banks are suffering from serious problems because they occupy 80% of fiscal policy in Iraq," describing this as "an anomaly."
(Source: Shafaaq News)
(Iraqi Dinar image via Shutterstock)
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Iraq to Privatise Govt’s Two Largest Banks: Shafaaq News reports that the Central Bank of Iraq (CBI) has annou... https://t.co/1hOXj9aQGs
Iraq to Privatise Govt’s Two Largest Banks https://t.co/eHScVlU5vK
#Iraq to Privatise Govt’s Two Largest Banks (al-Rafidain & al-Rasheed )
https://t.co/vgYw3r7aHj
Central Bank of Iraq is working with @WorldBank to privatize al-Rafidain and al-Rasheed Banks https://t.co/sgTRV12zer
RT @FailyLukman: Central Bank of Iraq is working with @WorldBank to privatize al-Rafidain and al-Rasheed Banks https://t.co/sgTRV12zer
RT @FailyLukman: Central Bank of Iraq is working with @WorldBank to privatize al-Rafidain and al-Rasheed Banks https://t.co/sgTRV12zer
RT @FailyLukman: Central Bank of Iraq is working with @WorldBank to privatize al-Rafidain and al-Rasheed Banks https://t.co/sgTRV12zer
RT @FailyLukman: Central Bank of Iraq is working with @WorldBank to privatize al-Rafidain and al-Rasheed Banks https://t.co/sgTRV12zer
RT @FailyLukman: Central Bank of Iraq is working with @WorldBank to privatize al-Rafidain and al-Rasheed Banks https://t.co/sgTRV12zer
#Iraq to Privatise Govt’s Two Largest #Banks
https://t.co/p3ki0jsEc8
RT @FailyLukman: Central Bank of Iraq is working with @WorldBank to privatize al-Rafidain and al-Rasheed Banks https://t.co/sgTRV12zer
RT @FailyLukman: Central Bank of Iraq is working with @WorldBank to privatize al-Rafidain and al-Rasheed Banks https://t.co/sgTRV12zer
RT @FailyLukman: Central Bank of Iraq is working with @WorldBank to privatize al-Rafidain and al-Rasheed Banks https://t.co/sgTRV12zer
RT @FailyLukman: Central Bank of Iraq is working with @WorldBank to privatize al-Rafidain and al-Rasheed Banks https://t.co/sgTRV12zer
RT @FailyLukman: Central Bank of Iraq is working with @WorldBank to privatize al-Rafidain and al-Rasheed Banks https://t.co/sgTRV12zer
RT @FailyLukman: Central Bank of Iraq is working with @WorldBank to privatize al-Rafidain and al-Rasheed Banks https://t.co/sgTRV12zer
RT @FailyLukman: Central Bank of Iraq is working with @WorldBank to privatize al-Rafidain and al-Rasheed Banks https://t.co/sgTRV12zer