💣“Iraq’s Banking System at Breaking Point: Reform or Collapse?” 🏦⚠️

2 months ago 3

ARTICLE AD BOX

August 13, 2025 – Baghdad Economic Update
🔗 Source: Baghdad Today

✅ 🚨 URGENT WARNING FROM EXPERTS

Ahmed Al-Tamimi: “Banking reform is not a luxury—it’s a national and security necessity.”

🔻 THE CRISIS: WHAT’S BROKEN

Near-total cash reliance
Weak digital infrastructure
Low financial inclusion
Rampant corruption & money laundering
Public distrust of banks
Stalled private sector growth

🧠 WHY IT MATTERS

Iraq’s economy is choking under outdated systems and lack of trust.
No modern economy can thrive without transparent, digital, and secure banking infrastructure.

✅ THE SOLUTION: A COMPLETE OVERHAUL
Al-Tamimi calls for radical and immediate reform, including:
🔹 Upgraded banking tech & digital services
🔹 Stronger anti-money laundering tools
🔹 Global standards for governance & transparency
🔹 Government + Central Bank + international coordination
🔹 Rebuilding public trust in financial institutions

🧱 Quote:

“This is the cornerstone of any successful reform.”

⏳ WHY NOW?

With mounting economic and security pressures, Iraq can no longer afford half-measures.
A strong, globally-aligned banking system is essential to unlock growth, attract investment, and restore public confidence.