Iraq’s banking sector has entered a decisive phase.
link to My FX Buddies BlogThe Central Bank of Iraq, working with international consultants, has set the end of September as the deadline for private banks to sign off on a revised banking reform paper — a move designed to finally shift reform from talk to action.

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• Why the Central Bank’s reform paper matters for Iraq’s financial stability

• The major amendments — extended capital requirements, ownership restructuring, and dropping the foreign partner rule

• How these changes aim to rebuild trust, attract investors, and avoid international sanctions

• The risks of delay and the cost of continued fragmentation in the banking sector

• Why success could transform Iraq’s banking sector from a point of weakness into a driver of growth

📊 For Iraqi dinar watchers: This is critical. A stronger, more transparent banking sector is a prerequisite for any real improvement in the dinar’s value. If the reforms succeed, Iraq becomes more attractive for investment and external financing — laying the groundwork for future currency stability. But if reforms stall, instability and sanctions risk could weigh heavily on the dinar’s prospects.

🎧 Tune in now as we explore whether Iraq can meet the deadline, implement reform smoothly, and finally modernize its financial system after decades of delay.

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