MOSUL TIME RADIO
Yesterday, Tuesday, informed sources revealed the existence of a new American request to the Central Bank of Iraq that includes merging banks prohibited from dealing in dollars in the currency auction.
The sources said, “The US Treasury Department and the Federal Bank asked the Central Bank of Iraq to merge banks restricted from using the dollar, and close some troubled banks.”
The sources added, “The Central Bank of Iraq is required today to take rapid measures to merge the banks and close the troubled ones in order for them to return to banking work, which will reflect positively on the exchange rate. For this reason, the Central Bank has contracted with an international company to present a plan for the banking sector, which will include merging the banks and closing some of them.” . The informed sources revealed that “this company, on the recommendation of the Americans, is similar to the work of K2 Company , without revealing its name or revealing further details
