šŸ¦ ā€œIraq’s Banking Revolution: 2025–2028 Roadmap Revealedā€ | CBI’s Strategy Is in Full Swing šŸš€šŸ’³

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Ā šŸ¦Ā ā€œIraq’s Banking Revolution: 2025–2028 Roadmap Revealedā€Ā | CBI’s Strategy Is in Full Swing šŸš€šŸ’³

šŸ“¢Ā BREAKING – Central Bank of Iraq (CBI) Update
Samir Al-Nusairi highlights theĀ massive progressĀ made under the CBI’sĀ comprehensive banking reform project, in partnership withĀ private banks, theĀ Iraqi government, andĀ global consulting firm Oliver Wyman.
āœ… The goal? Transform Iraq’s banking system into a modern, secure, globally respected financial powerhouse.


šŸ”‘Ā Why It Matters:

šŸ—ļøĀ Banking reform = Economic reform
šŸ“ˆ Iraq is laying the financial foundation to support:


šŸŽÆĀ 6 Core Goals for 2025–2028:

1ļøāƒ£Ā Modernize the Banking System

  • Full compliance withĀ global banking & accounting standards

2ļøāƒ£Ā Build a Robust & Flexible Sector

  • Designed forĀ sustainability & resilience

3ļøāƒ£Ā Rebuild Public & International Trust

  • IncreasedĀ transparency, international recognition, and relationships withĀ top-tier correspondent banks

4ļøāƒ£Ā Revive Weak Banks

  • Rehabilitate andĀ reactivateĀ restricted or struggling institutions

5ļøāƒ£Ā Refocus Banks on Lending

  • Shift from currency exchange focus toĀ development financing,Ā business lending, andĀ financial inclusion

6ļøāƒ£Ā Go Digital – End the Cash Economy

  • Withdraw theĀ 80% of money still outside the banking systemĀ and integrate it via:

    • šŸ§ ATMs

    • šŸ“² E-wallets

    • šŸ›’ POS & digital tools


šŸ› ļøĀ So, What’s Been Achieved So Far?

šŸ“† From 2023 to mid-2025, Iraq has:

  • šŸ”Ø Built solidĀ foundations and mechanismsĀ for reform

  • šŸŽÆ HitĀ ambitious benchmarksĀ for modernization

  • 🧮 Begun theĀ evaluation and classificationĀ of banks usingĀ international standards

šŸ’¬ ā€œThe progress made forms aĀ pillarĀ for the future — and the classification of banks will soon reflect these successes.ā€ – Samir Al-Nusairi


šŸ“ŠĀ Big Picture:

šŸ” Iraq is:

  • Turning its banks intoĀ economic engines

  • Opening the door toĀ global banking integration

  • Creating the environment needed forĀ foreign investmentĀ andĀ eventual Forex participation


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šŸ‘‰Ā Iraq isn’t just talking reform — it’s building it. Step by step.Ā šŸ§±šŸ“ˆ

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