🏦🚀 Iraq’s Banking Revolution: 40% Leap Toward Financial Future! 🌍💳
📅 Oct 17, 2025 | From Washington, DC to Baghdad
💬 During a major Banking Reform Conference in DC hosted by the Central Bank of Iraq & Oliver Wyman, PM Advisor Saleh Mahoud Salman dropped some 🔥 game-changing updates:
🔑 Top Highlights:
✅ Comprehensive Banking Reforms Underway!
• Iraq is fully committed to long-term economic & financial reform
• Banking sector = 🔑 to sustainable development and national stability
📊 3-Year Budget Introduced!
• First time EVER — Iraq launches a multi-year budget 📅
• Enables better planning, investor confidence & resource stability
💸 Customs & Tax Upgrades:
• UN's ASYCUDA system now running → higher customs & tax revenues
• 🚛 Customs automation = 💰 revenue boom
🏦
Bank Restructuring in Full Swing:
• Major revamp of Rafidain, Rashid, Industrial, and Agricultural banks
• In collab with international experts to modernize services
📱 FinTech + E-Payments = Big Win:
• Massive push into digital finance 💳
• Financial inclusion rose from <10% to over 40% in just 2 years 📈
• 🎉 Praised by both IMF and World Bank
🚀 Support for SMEs:
• New funding channels for small & medium businesses
• Goal: job creation & stronger local economies
🧠 Salman's Words:
"These reforms are a pivotal moment in Iraq's economic development… the government will continue to support all efforts to modernize the banking sector."
👏 Iraq thanked the Central Bank, private banks, and local/international advisors working on this transformation.
📎 Read the full article: Mawazine News
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