Is Iraq Cleaning House? Iraqi Banking Reform 2025

Iraq’s banking system is undergoing its biggest shake-up in decades. link to My FX BuddiesUnder the leadership of the Central Bank of Iraq (CBI) and in partnership with global firm Oliver Wyman, a sweeping reform plan is rolling out that will force banks to either reform, merge, or liquidate by 2028.Support My FX Buddies:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://cash.app/$tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠... ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://paypal.me/tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠a free transcript at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://rss.com/podcasts/myfxbuddies/....With over 70 banks operating — many lacking international compliance and technical strength — the CBI is drawing a clear line: adapt to global standards or get out. Banks that want to continue must pay a $2.4 million annual fee and meet regulatory benchmarks, while those that merge will pay $1.2 million. Those who choose to exit? No fees.✨ It’s Not Too Late to Make 2025 Your Year Feeling behind? Unmotivated? Not sure where to start? You’re not alone — and this audio guide can help you move forward with purpose.🎧 Listen to Relaunch Your 2025 Vision now → ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://buymeacoffee.com/tishwash/e/4....🔍 What does this mean for Iraq’s economy, foreign investment, and citizens who still mostly operate in cash?🎧 In this episode, we break it all down — and ask: Is this the beginning of a true financial renaissance in Iraq?🔔 Don’t forget to like, subscribe, and share for more content on Iraq’s economic evolution and global finance news.📲 Subscribe on YouTube & Spotify📢 Comment below: Do you think this reform will work?#IraqBanking #CBI #OliverWyman #IraqiEconomy #BankReform #FinancialInclusion #IMF #FATF #MonetaryPolicy #MiddleEastFinance #CashlessSociety #Iraq2028 #CentralBank