🧱 THE CENTRAL BANK’S FRUITFUL EFFORTS TO ACHIEVE THE COMPREHENSIVE BANKING REFORM PROJECT

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🧱 THE CENTRAL BANK’S FRUITFUL EFFORTS TO ACHIEVE THE COMPREHENSIVE BANKING REFORM PROJECT

📄 By Samir Al-Nusairi

😊 Okay folks — this article is a gem. If you're wondering why we haven’t seen the RV yet, here’s your answer in black and white.

The Central Bank of Iraq (CBI), in full partnership with private banks and consulting giant Oliver Wyman, has successfully implemented the foundation of the comprehensive banking reform project. Not a plan — actual progress. This is execution.

✅ Key Achievements So Far (2023–Mid 2025):

Regulatory and technical groundwork has been successfully laid.
The focus is now on full digital transformation and financial inclusion.
The Central Bank is replacing the outdated cash economy, which still holds 80% of Iraq’s liquidity outside the banking system.
Aimed at withdrawing that cash and introducing it into formal banking channels.
Read also: MNT GOAT: 🔥 2025 RV BREAKTHROUGH? Iraq’s Currency Shockwave Is Coming! 🌍💸🚨 #IQD #DinarGuru #MNTGoat

🔄 Yes — this is all setting the stage for the move to a revalued currency. A country can’t move to a normalized international rate with a broken banking system. This is why the reform project matters.

🎯 What’s Next (2025–2028)?
The article lays out six clear objectives, all designed to bring Iraq's banks in line with international standards:

✅ Upgrade compliance with global banking/accounting standards.
✅ Build a sound, flexible, modern banking system.
✅ Boost confidence and transparency — locally & globally.
✅ Rehabilitate weak banks to full operation.
✅ Refocus banks on development lending and financial inclusion.
✅ Push forward the transition to a digital economy — goodbye cash hoarding.

💥 These are not vague dreams — these are measurable, time-bound goals with a three-year implementation window. And based on what’s been done so far, the CBI has already built the foundation.

🔍 Why This Matters for the RV:

Iraq is positioning its banking system for international confidence.
These reforms are what correspondent banks and WTO members are watching.
A banking system built on modern, global standards must eventually reflect that in its monetary policy and currency rate.

🎉 So yes, the RV is tied to this reform, and the progress has been real, not just talk.

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