IRAQI NEWS UPDATE BY ARIEL , 13 OCT

ARIEL

Iraqi News Update 🇮🇶

Recent historical moves in Iraq's financial sector indicate a significant stride towards modernizing banking operations.

According to the latest info. Iraq is poised to complete its transition to an advanced banking system, aligning with international financial standards. This overhaul, which is approximately 95% complete, aims to conclude by the end of 2024, marking a critical moment in Iraq's economic reform.

The core of this transformation involves moving away from the wire auction system to direct correspondent banking relationships. This shift aims to  not just an upgrade in operational efficiency but also aims at combating corruption and fostering transparency in financial transactions. Which will create Security & Stability in all Iraq. 

You all should be jumping around your home & office at this news. 

You were just told by the CBI that they only have 5% left to do and you will be able to cash in your currency. 

Do you know how long people have been waiting for this news? 

Can you imagine that on that day it will be your last time being broke? And you will have the opportunity to start the year off with a bang. 

This comprehensive banking reform is not just about operational changes but represents a broader vision for Iraq's economic renaissance. By integrating with the global financial network more seamlessly, Iraq is setting the stage for a future where its economy is not only resilient but also a key player in regional financial dynamics.