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Economic expert for / NINA /: Iraq needs a serious campaign to fight corruption with regard to currency auction and money laundering

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Economic expert for / NINA /: Iraq needs a serious campaign to fight corruption with regard to currency auction and money laundering

Sunday 20, September 2020 20:01 | Economical  Views: 107

Baghdad / NINA /
An expert in economic affairs, Salam Sumaisem, confirmed that the campaign to eliminate government corruption, especially with regard to the banking sector, will positively affect the work of banks and the Iraqi economy will flourish, which is a blessed and welcome campaign among Iraqi economists, calling for a serious campaign on currency auction and laundering Money.

Sumaisem said in a statement to the Iraqi National News Agency / NINA / that "corruption has greatly affected the performance of banking and the Iraqi economy, and the campaign to eradicate corruption is a serious campaign to restore confidence in the Iraqi economy, and this is an important issue, especially in the banking sector and the areas of confidence and expectations involved in it because banks operate." On the issue of trust and on expectations."

She indicated that "banks work with the two axes of trust and expectations, confidence in granting loans and financial transactions and expectations regarding the demand for cash and deposits, etc.

This issue is very important, but so far no official statement will come out of the state explaining the extent of this impact on banks and is it included or not?".

And she continued, "The Iraqi street is waiting for original responses and a serious campaign to fight corruption with regard to currency auction, money laundering and money smuggling, all of which affect banks.

We are waiting for an official statement from the government that clarifies this or at least gives us signals about it, stressing that:

With such a campaign, the banking sector will flourish and the economy will revive." Iraqi.
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