Iraq’s Central Bank has officially begun implementing a
comprehensive banking reform program in partnership with private banks — a historic step toward building a modern, flexible, and globally integrated financial system.
Support My FX Buddies:https://cash.app/$tishwashhttps://paypal.me/tishwash a FREE transcript at:https://rss.com/podcasts/myfxbuddiesAdvisor Samir Al-Nusairi explains that this reform is the foundation for economic diversification and digital transformation. The plan focuses on:
Activating non-oil sectors to boost national income.
Expanding electronic payment systems for financial inclusion.
Rehabilitating weak banks to return to full market participation.
Increasing citizens’ trust in local banks and achieving international credibility.
Transitioning from a cash-based to a digital economy by reinjecting 80% of idle money into the banking system.
With six main pillars covering digital infrastructure, compliance with international standards, and greater transparency, Iraq is preparing for its strongest financial transformation since 2003.
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