Jon Dowling
Recent developments in Iraq’s financial sector, including the implementation of a new banking system, currency diversification, and Iraq’s leadership role in international forums.
Iraq is set to chair the Group of 77 in China, marking a significant diplomatic milestone after 60 years.
A comprehensive banking system is being implemented in 40 branches, signaling readiness for international engagement.
The Central Bank is diversifying currency use, aiming to reduce reliance on the dollar.
Upcoming distribution of retirees’ salaries suggests potential changes in exchange rates.
Increased participation of Kurdish traders is contributing to a decrease in the dollar’s exchange rate.