Researcher: 7 bank returns do not imply sector reform
Economic researcher Dareed Al-Anzi downplayed the significance of the decision to restore seven Iraqi banks to the dollar transfer system, considering that its impact on the economy or the exchange rate would only become evident if it coincided with comprehensive banking reforms and clear mechanisms for rehabilitating those banks. He also emphasized that exchange rate stability requires broader efforts, noting that JPMorgan Bank is prepared to enter the Iraqi market.
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