A "Time Bomb"... The Iraqi Economy Is At Risk Due To Jordanian Banks.

 
Economy     2025-06-10 |   4,697 views  Alsumaria News – Economic  Financial and banking expert Mustafa Hantoush described Jordanian banks' control over remittances as a "time bomb" on Tuesday. 

Hantoush told Sumaria News , "The issue of Jordanian and Gulf banks controlling the current currency auction is like a time bomb," noting that
 
"the dollar's valuation has been directed to 50 private Iraqi banks in order to resolve it."  He added,
 
"These foreign banks have joint accounts, controlling more than $50 billion annually, which is a significant amount,"
 
warning of the danger of "these banks monopolizing remittances, even though they are affiliated with foreign investment."  

He stressed the "need to take action,  either dismantling the banks, which is unacceptable, or implementing real instructions that are    consistent with international models, not a model tailored to Iraq and never implemented at all."  
  
https://www.alsumaria.tv/news/economy/529225/قنبلة-موقوتة-الاقتصاد-العراقي-في-خطر-بسبب-مصارف-اردنية