US requests CBI to merge dollar-banned banks and close distressed banks

US requests CBI to merge dollar-banned banks and close distressed banks
⁠link⁠ to My FX Buddies Blog https://www.myfxbuddies.com/2024/07/us-requests-cbi-to-merge-dollar-banned.html

The sources noted that the Central Bank of Iraq is expected to implement swift actions in this regard. “This move aims to stabilize the banking sector and improve the exchange rate.”
“In response to Washington’s demands, the Central Bank has enlisted an international consultancy to devise a comprehensive plan, which will encompass the merging and closure of banks.” The sources said.

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