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Podcast: My FX Buddies
Episode: Is Iraq Cleaning House? Iraqi Banking Reform 2025
Description: Iraq’s banking system is undergoing its biggest shake-up in decades. link to My FX BuddiesUnder the leadership of the Central Bank of Iraq (CBI) and in partnership with global firm Oliver Wyman, a sweeping reform plan is rolling out that will force banks to either reform, merge, or liquidate by 2028.Support My FX Buddies:https://cash.app/$tishwash... https://paypal.me/tishwasha free transcript at https://rss.com/podcasts/myfxbuddies/....With over 70 banks operating — many lacking international compliance and technical strength — the CBI is drawing a clear line: adapt to global standards or get out. Banks that want to continue must pay a $2.4 million annual fee and meet regulatory benchmarks, while those that merge will pay $1.2 million. Those who choose to exit...