🏦🇮🇶 Al-Sudani Responds to Banks — Reforms Will Empower, Not Exclude! 💬🤝

2 months ago 3

📰 Prime Minister Mohammed Shia Al-Sudani has ordered a review of Iraq’s banking reform provisions, responding to concerns from the Iraqi Private Banks Association. 📝🏛️
💡 The reforms—developed by the Central Bank of Iraq—aim to enhance:
- 📊 Financial stability
- 🔍 Transparency
- ⚙️ Banking efficiency
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💬 The Private Banks Association’s letter (dated Aug. 3, 2025) raised real-world challenges:
- 🏦 Capital increase requirements
- 🌍 Costs of hiring foreign firms
- 📅 Tight reform timelines
- 🤝 Strategic partnerships
🔄 In response, Al-Sudani called for a participatory approach, urging the formation of joint technical committees to make reforms realistic, balanced, and aligned with Iraq’s financial context. ⚖️
✊ He clarified: This reform is about empowerment, not exclusion. Implementation will be gradual and consultative, keeping investor confidence high. 🚀
👐 “The door to dialogue is open,” Al-Sudani said, reaffirming the government’s full support for national and international cooperation in building a better financial system. 🌍📈