This video is in Frank’s and his team’s opinion only.
Frank’s team is Walkingstick, Eddie in Iraq and guests.
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Clare: FINAL ARTICLE #5975″THERE IT IS, EVERYTHING WE’VE BEEN TEACHING”……..F26 Banking reform enters a decisive phase: The Central Bank and banks are in a race against time – Urgent
Clare: “the end of September will be the deadline for private banks to sign the final amendments to the reform paper submitted by the Central Bank of Iraq in coordination with Oliver and Wyman.”
Video Summary:
This video features a detailed and passionate discussion about the latest developments in Iraq’s monetary and banking reforms, focusing primarily on the Central Bank of Iraq’s (CBI) recent announcements and their implications. The speaker, Frank, presents a comprehensive analysis of a historic article released by the CBI, describing it as the longest and most significant in the history of the KTFA platform. The narrative begins with Frank’s personal reflections and prayers, setting an intimate tone before diving into the complex details of Iraq’s banking reforms.
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Frank highlights that the monetary reform plan has entered a decisive final phase, supported unanimously by both the Association of Private Banks and the Islamic Bank Association in Iraq. The reforms aim to enhance the Iraqi dinar’s purchasing power, stabilize the banking sector, and improve investor confidence domestically and internationally. The speaker emphasizes that this reform is not just a financial measure but also a strategic move to combat c********n, sanctions, and foreign influence, particularly from Iran.
The transcript explains that the CBI and private banks are under pressure to finalize and sign critical reform papers by the end of September, marking a significant deadline for Iraq’s economic transformation. The reforms involve structural changes such as extending capital requirements for banks, reconsidering ownership structures, and abolishing foreign partner requirements to foster greater financial autonomy.
Frank elucidates that these reforms are designed to be gradual, balancing the need for swift implementation with Iraq’s fragile economic realities. The monetary reform is described as a tool to rebuild trust, improve transparency, and create a robust financial infrastructure that can attract both local and international investment. The narrative also touches on the political and social challenges faced in implementing these reforms, including overcoming long-standing c********n and internal resistance.
In closing, Frank reflects on the broader significance of these reforms, expressing hope and faith that Iraq is on the path to a more stable and prosperous future. He encourages his audience to engage with the content, discuss the reforms, and maintain hope and trust in the process. The video ends on a personal and spiritual note, calling for gratitude and faith amidst these historic changes.
Frank26 » September 12th, 2025
“THERE IT IS, EVERYTHING WE’VE BEEN TEACHING”……..F26
Banking reform enters a decisive phase: The Central Bank and banks are in a race against time – Urgent
9/12/2025 – Baghdad
The Iraqi banking sector is going through a critical phase, where economic and financial considerations intersect with the demands of structural reform that have been postponed for years.
After decades of challenges, and amid international and local pressure to improve the efficiency of the financial system, the reform paper launched by the Central Bank in coordination with an international consulting firm emerged as an attempt to rebuild trust and establish more robust rules for banking operations.
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The importance of this issue goes beyond the financial dimension; it extends to the broader institutional context related to the state’s ability to formulate economic stability tools and meet transparency requirements, which in turn are linked to the confidence of investors and international donors.
In this context, economic expert Ahmed Abdul Rabbo, speaking to Baghdad Today, predicted that “the end of September will be the deadline for private banks to sign the final amendments to the reform paper submitted by the Central Bank of Iraq in coordination with Oliver and Iman.” This timing reflects the Central Bank’s awareness of the country’s need to end the period of hesitation and embark on a clearly defined reform path.
According to institutional estimates, setting a timetable for signing aims to overcome the procrastination that accompanied the first rounds of dialogue with private banks and transform reform from a theoretical idea into a practical commitment.
Adjustments in response to market pressures
Recent developments indicate that the reform was not imposed unilaterally, but rather came after a series of technical discussions with banks. Abdul Rabbo explained that “the Central Bank has made extensive amendments to the banking reform paper over the past weeks in response to the comments submitted by the banks, noting that it was keen to open an extensive dialogue with Iraqi banks to clarify the technical aspects of the reform paper.”
This clarification reveals a collaborative process that balances reform requirements with market pressures. According to economic estimates, the central bank’s understanding of banks’ comments reflects its awareness that implementing strict measures without consensus could hinder the banking system’s ability to keep pace with changes. At the same time, this dialogue seeks to establish the principle of transparency and a commitment to gradualism as a means of ensuring the effectiveness of reform, consistent with similar international experiences in restructuring banking sectors.
Gradual reform with privacy in mind
The discussion is not limited to the form of reform, but also includes its pace. Abdul Rabbo pointed out “the importance of implementing reform mechanisms gradually, taking into account the specificities of Iraq’s economic reality.” He emphasized the need to adhere to reform in principle, while formulating standards and procedures in a way that enhances confidence in the banking sector and contributes to its development.
According to economic readings, this position reflects the traditional tension between the imperative of rapid openness to international standards and the demands of a local reality characterized by fragility and instability. Gradualism, financial experts believe, reduces the shocks to small and medium-sized banks and gives the sector sufficient time to adapt to the new regulatory environment. This makes reform not only a tool for course correction, but also a means of rebuilding the contract between the state and the private financial sector on more sustainable foundations.
The essence and dimensions of the amendments
The recent amendments raise fundamental questions about the nature of the role private banks will play. Abd Rabbuh explained that the amendments “include extending the capital requirement for banks, reconsidering the ownership structure, and abolishing the foreign partner requirement, thus providing banks with greater flexibility in implementing reforms and strengthening their role in supporting the national economy.”
This change has multiple institutional dimensions. Extending the capital requirement reduces immediate financial pressure on banks, while reconsidering the ownership structure opens the door to restructuring the relationship between local shareholders and regulatory authorities.
The abolition of the foreign partner requirement reflects a shift toward enhanced independence, but it also raises questions about the ability of local banks to bridge the gap in expertise and technology typically provided by an international partner. According to economic estimates, these amendments represent an attempt to balance strengthening financial sovereignty with creating practical flexibility.
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Timing and objectives of reform
Abdul Rabbuh believes that “banking reform comes at a crucial time, as Iraq seeks to enhance the banking sector’s capacity to finance development and investment projects and reduce financial risks by adopting more flexible and transparent standards. The success of the reform paper represents a fundamental step toward achieving comprehensive financial stability and increasing confidence among local and international investors.”
This link between reform and investment reflects that the goal is not limited to improving banking efficiency, but extends to building an environment that is attractive to capital. According to research estimates, the signals of confidence that banking reform can generate will be crucial in repositioning Iraq on the international financial map. Internal financial stability is also a prerequisite for confronting the recurring economic crises that the country has experienced over the past two decades.
Reform as a Barrier to Sanctions and C********n
Banking reform was not only a domestic choice; it also came in response to external pressures linked to the risks of international sanctions. The delay in adopting the required standards and the banks’ slowness in complying with regulatory controls opened the door for international oversight bodies to question Iraq’s ability to manage its financial sector transparently. According to financial estimates, this situation increased the likelihood of some banks being placed on watch lists or sanctions, negatively impacting the smooth flow of financial transactions and external transfers.
Economists point out that part of this crisis was linked not only to technical shortcomings, but also to the dominance of influential groups within the banking sector, who took advantage of weak oversight and widespread c********n to obstruct any serious reform attempt.
This dominance eroded international institutions’ confidence in Iraq’s ability to implement standards, making any delay in reform a direct threat to its economic interests. Therefore, the current reform paper should be read not only as a regulatory framework, but also as a fundamental line of defense to avoid potential sanctions and rebuild confidence in a sector that has for years been synonymous with fragility and political tensions.
Upcoming challenges and implementation prospects
Abdul Rabbo concluded by saying, “The coming weeks will witness ongoing negotiations and coordination between the Central Bank and private banks to ensure all parties agree on implementing reforms smoothly and effectively. These measures represent an opportunity to restructure the banking sector and strengthen its role in the national economy after years of financial challenges and economic fluctuations.”
This statement outlines the next phase, where the debate is no longer about the feasibility of reform, but rather about the mechanisms for implementation and consensus.
According to institutional estimates, the success of these negotiations will depend on the Central Bank’s ability to strike a balance between the requirements of financial discipline and the flexibility demanded by banks. The gradual conclusion indicates that what has changed is Iraq’s entry into a mandatory phase of reform after a long debate.
What has not changed is the difficulty of building full consensus in a sector suffering from a long legacy of division and volatility. The expected impact is a gradual restructuring of the banking system, opening the door to enhanced confidence and stability, provided that pledges are transformed into measurable and enforceable obligations. link
Source: Dinar Recaps
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