From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News.
Depositor Outrage as Iraqi Authorities Place Private Bank under Guardianship
The Iraqi banking sector is coming under renewed scrutiny following the Central Bank of Iraq's (CBI) decision to place the private Al-Taif Islamic Bank under state guardianship.
Citing serious violations, the move comes amid mounting US pressure on dozens of Iraqi financial institutions accused of facilitating dollar transfers to Iran-linked actors. Some observers have warned of a broader liquidity crisis as instability in the sector could provoke mass client withdrawals.
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