⏳ “BY AUGUST 31st” – U.S. Pressure on Iraqi Banks Heats Up π£ | KTFA / Frank26 Intel (8/10/2025)
π₯ Major reforms. Tough deadlines. And a ticking clock on Iraq’s financial system.
π Key Highlights:
π️ Frank26: “BY THE 31ST OF AUGUST”
A deadline looms as U.S. pressure forces banking reform in Iraq—fast.
πΊπΈ Washington Watching Closely
The U.S. is monitoring Iraqi banks under a plan crafted by Oliver Wyman, a major American consulting firm.
π¦ 20 Days Left: Comply or Face Liquidation
All Iraqi private banks must choose between two tough options by August 31:
• Option 1: Increase capital to 400 billion dinars + pay $2.4M per year (4 years)
• Option 2: Merge, restructure ownership (only 10% for relatives) + pay $1.3M annually
❌ Failure = Possible Liquidation
Some banks may not comply in time. Liquidation is on the table—but only for bankrupt or sanctioned banks, according to expert Mustafa Hantoush.
π§ Banking Was Built for Profit, Not Risk
Iraq’s system relied heavily on dollar-based trade, not sound banking practices. Reform is meant to correct this imbalance.
π Possible Extension Coming?
Hantoush suggests the Central Bank might offer flexibility, extending the deadline to end of year or longer.
π Why It Matters for RV Watchers:
This reform is tied to the structural foundation of Iraq’s economy—healthy banks = strong dinar. Keep an eye on how many comply and how quickly.
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