ARTICLE AD BOX
Ā š§±Ā IRAQI BANKS ASSOCIATION: THE REFORM PLAN HAS REACHED ITS FINAL FORM AND WILL INCLUDE ALL PRIVATE BANKS
š Okay folks ā this is theĀ confirmation weāve been waiting for.
TheĀ Iraqi Private Banks AssociationĀ just announced that theĀ comprehensive banking reform planĀ has reached itsĀ final form. Let me repeat that āĀ FINAL FORM.
That means the reform blueprint is no longer in draft or debate ā it'sĀ complete, and it's going toĀ apply to all private banks in IraqĀ āĀ no exceptions.
ā Hereās What the Plan Includes:
šøĀ Part 1: Public Banks
šøĀ Part 2: Private BanksĀ ā and this is where it gets interesting.
š The reform for private banks is built onĀ 4 critical axes:
Governance, capital, and ownership structure
Business plans and banking productsĀ ā including ATMs, branch expansion, and financial services
Risk and complianceĀ ā with a heavy focus onĀ anti-money laundering
Financial statementsĀ ā strict adherence toĀ key financial ratiosĀ and international norms
šÆĀ Translation: This is not just a patch. This is a structural transformation.
This isnāt just aboutĀ fixing defects. Itās about settingĀ mandatory standardsĀ for every private bank to riseĀ above the normĀ ā or risk being shut out of the system.
š No more ātwo-tierā system where some banks are deprived of dollars while others operate freely. TheĀ playing field is being leveled.
š§©Ā Why This Matters to the RV Timeline:
This level of reform and transparency isĀ crucial for international integration.
š” You can't have aĀ normalized currencyĀ and expect international investment with banks that donāt meetĀ global compliance, AML, and capital standards.
This also opens the door for:
š¦Ā WTO accession progress
šøĀ International banking partnerships
š³Ā Full deployment of financial inclusion and digital economy tools
In other words āĀ this is the kind of foundation you need before reinstating the dinarĀ at any meaningful rate.
š So yes ā if youāre waiting for the RV, this is exactly the kind of headline you should be excited about.
It's not hype ā it'sĀ process, structure, compliance, and nowā¦Ā execution.
š Stay grounded in facts, not rumors:
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