As we edge closer to a new era in global finance, Iraq stands at the forefront of significant monetary and financial reforms. In a recent video update, MilitiaMan and his team, comprising Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI, and MilitiaMan, shed light on the country’s rapid progress in restructuring its financial landscape. This blog post aims to distill the key highlights from their discussion, providing an in-depth look at Iraq’s journey towards financial integration and the potential implications for the global economy.
Under the leadership of Prime Minister Muhammad Shia Al Sudani, along with key financial leaders such as finance adviser Ta Sammy and Central Bank Governor Moshan Ishmael Alalak, Iraq is making strides in reforming its financial sector. A critical aspect of this reform is the restructuring of its state-owned banks, Rafidana and Rasheed, which control a substantial 78-80% of banking assets. This domestic overhaul is a prerequisite for Iraq’s integration into the international financial system.
Iraq’s financial reforms are being supported by renowned international consulting firms, including Ernst & Young, Oliver Wyman, and K2 Integrity. These firms are advising on crucial aspects such as asset quality reviews and the digitization of core banking systems. Moreover, Iraq is working closely with global financial institutions like the IMF, US Treasury, BIS, World Bank, WTO, and WCO, signaling a strong commitment to aligning its financial practices with international standards.
The video by MilitiaMan and Crew paints a cautiously optimistic picture, suggesting that once the state banks complete their upgrades, Iraq is granted BIS membership, and dinar trading pairs are listed on international forex platforms, the Iraqi dinar will become a freely traded currency. This development is anticipated to occur through the first half of 2026. The presenters emphasize the methodical e*******n of reforms that have been ongoing for years, urging viewers to stay informed through their Patreon community for deeper insights.
Iraq’s financial reforms represent a significant step towards its integration into the global financial landscape. With the support of international consulting firms and global financial institutions, the country is poised to achieve key milestones that will enhance its financial stability and facilitate its participation in international trade. As these reforms continue to unfold, they are likely to have far-reaching implications, not just for Iraq but for the global economy. For those interested in delving deeper into this subject, watching the full video by MilitiaMan and Crew is highly recommended.
For ongoing updates and in-depth analysis on Iraq’s financial reforms and their global implications, be sure to follow reliable sources and expert commentary. The journey of Iraq’s financial transformation is one to watch closely in the coming months.
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