🏦🇮🇶 Al-Sudani Orders Banking Reform Adjustments — Local Banks’ Concerns Heard! 🔄📊

🏦🇮🇶 Al-Sudani Orders Banking Reform Adjustments — Local Banks’ Concerns Heard! 🔄📊

• 📃 Prime Minister Mohammed Shia al-Sudani has ordered a review of Iraq’s banking reform document after receiving feedback from the Iraqi Private Banks Association. 🗣️🤝

• 🏛️ He praised the Central Bank of Iraq for drafting the reform plan, which aims to boost transparency, stability, and efficiency in the banking sector. 💡📈

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• 💬 The Iraqi Private Banks Association raised concerns over:

  • 💰 Capital increase requirements

  • 🌍 Strategic partnerships with foreign companies

  • 📆 Realistic timelines for implementing changes

• 🛠️ In response, Al-Sudani directed the formation of joint technical committees between the Central Bank and private banks to ensure reforms are realistic and aligned with Iraq’s financial landscape. ⚖️🇮🇶

• 🚫 Reform is not about exclusion — it's about  empowering the sector, promoting trust, and protecting both local and international investors. 🛡️💼

• 🗨️ He emphasized gradual implementation, tailored to Iraq’s economic context, with open dialogue remaining a priority moving forward. 🔍💬

📢 A clear message: Iraq’s banking reform is flexible, responsive, and focused on real progress for the economy and its people! 🚀

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