Iraq’s banking system is undergoing its biggest shake-up in decades.
Under 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?
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