News, Rumors and Opinions Wednesday 5-13-2026
Ross: Central Bank of Iraq Confirms Banking Reform is Progressing
5-13-2026
The Central Bank of Iraq confirms its banking reform program is actively progressing.
Phase 2 is now underway.
This long-term initiative strengthens Iraq’s financial system and modernizes banks to international standards.
“The statement added that these procedures aim to provide an opportunity for compliant banks to regain access to foreign currency transfer channels, including the euro, the UAE dirham, and the Chinese yuan, in addition to other approved international currencies.”
Banks must regain access to forex channels before IQD revalues.
Progress.
Source(s):
• https://x.com/Ross_ptm/status/2054342881041940648
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Courtesy of Dinar Guru: https://www.dinarguru.com/
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