ARTICLE AD BOX
Ā š¦Ā āIraqās Banking System Overhaul Is Almost Done!ā | Private Banks Face Full Reform š§š°
š¢Ā BREAKING ā Baghdad | Sept 12, 2025
TheĀ Iraqi Private Banks AssociationĀ has confirmed that the countryāsĀ banking reform plan is in its final stageĀ ā andĀ ALL private banks will be included, no exceptions.
š§ Ā Key Takeaways from Executive Director Ali Tariq:
šĀ Reform covers both sectors:
ā Government Banks
ā Private Banks
šĀ Private Bank Reform ā 4 Key Axes:
1ļøā£Ā Governance, Capital, Ownership Structure
2ļøā£Ā Business Plan & Banking Products
Branch expansion, ATMs, service offerings
3ļøā£Ā Procedures & ComplianceFocus on AML (Anti-Money Laundering), risk, and compliance systems
4ļøā£Ā Financial Statements & RatiosStrict adherence to financial reporting standards
š¬Ā Why It Matters:
This isnāt just about āfixing flawsā
Itās aboutĀ setting solid standardsĀ for long-termĀ banking stability & trust
All private banksĀ must meet theĀ new national benchmarks
Reforms aim to ensure Iraqi banks areĀ resilient, modern, and globally credible
š§©Ā Dialogue is ongoingĀ between private banks and theĀ Central Bank of Iraq
š¬ Serious concerns were raised and addressed
š Now ā final touches are being made to implement the reform nationwide
š§Ā The Big Picture:
š Stronger banking = Stronger economy
šļø Aligned with Iraqās broader financial and monetary reforms
šø Lays the groundwork forĀ increased foreign investmentĀ andĀ currency revaluation readiness
šĀ STAY INFORMED WITH DAILY INTEL & INSIGHT:
šĀ BLOG:Ā dinarevaluation.blogspot.com
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šĀ Iraqās financial future is being written now ā and itās looking stronger than ever.Ā š¼š¢