Iraqi lawmakers urges amending banking laws ...Kuwait

News by : (The New Arab) -
 Iraq's Prime Minister Mohammed Shia al-Sudani recently addressed the country's Central Bank (CBI) to specify the contribution of foreign capital to Iraqi banks and evaluate the current situation.  Iraqi lawmaker Alia Nassif Jassim, also a member of the parliament's integrity commission, praised al-Sudani's action and called for amending the law regulating CBI and Iraq's Banking Law so that foreign entities can no longer possess a stake more extensive than that of Iraqi entities.  In a post on the X platform on 29 April, she argued that foreign entities could influence financial decision-making in Iraq if they have shares exceeding 49 per cent, per the country's Bankin

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