šŸ¦ ā€œIraq’s Banking System Overhaul Is Almost Done!ā€ | Private Banks Face Full Reform šŸ”§šŸ’°

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Ā šŸ¦Ā ā€œIraq’s Banking System Overhaul Is Almost Done!ā€ | Private Banks Face Full Reform šŸ”§šŸ’°

šŸ“¢Ā BREAKING – Baghdad | Sept 12, 2025
TheĀ Iraqi Private Banks AssociationĀ has confirmed that the country’sĀ banking reform plan is in its final stage — andĀ ALL private banks will be included, no exceptions.


🧠 Key Takeaways from Executive Director Ali Tariq:

šŸ”„Ā Reform covers both sectors:

  • āœ… Government Banks

  • āœ… Private Banks

šŸ“ŠĀ Private Bank Reform – 4 Key Axes:
1ļøāƒ£Ā Governance, Capital, Ownership Structure
2ļøāƒ£Ā Business Plan & Banking Products


šŸ’¬Ā Why It Matters:

  • This isn’t just about ā€œfixing flawsā€

  • It’s 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

🧩 Dialogue is ongoing between private banks and the Central Bank of Iraq
šŸ’¬ Serious concerns were raised and addressed
šŸ“Œ Now — final touches are being made to implement the reform nationwide


🧭 The Big Picture:

  • šŸ“ˆ Stronger banking = Stronger economy

  • šŸ›ļø Aligned with Iraq’s broader financial and monetary reforms

  • šŸ’ø Lays the groundwork forĀ increased foreign investmentĀ andĀ currency revaluation readiness


šŸ”—Ā STAY INFORMED WITH DAILY INTEL & INSIGHT:
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šŸ‘‰Ā Iraq’s financial future is being written now — and it’s looking stronger than ever.Ā šŸ’¼šŸŸ¢


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