The important bank of Iraq (CBI) has concluded its first quarterly conferences of 2025 with the usa Treasury department and the Federal Reserve financial institution, held in Dubai, UAE, with participation from worldwide auditing and consulting corporations EY (Ernst & young), K2 Integrity (K2i), and Oliver Wyman.
Key highlights from the meetings blanketed:
recognition of Iraq’s US dollar distribution gadget as one of the maximum monitored and managed globally, effectively proscribing manipulation and illicit greenback outflows.
A big transformation in international transfers, with the CBI’s danger mitigation measures now aligning with worldwide banking requirements.
presentations by means of EY and Oliver Wyman on reform plans for each public and private banking sectors, aimed toward improving international compliance and integrating Iraqi banks into worldwide economic networks.
Given the significance of correspondent bank self belief in Iraq’s financial zone, the CBI urges reliance on reputable channels for updates and warns towards incorrect information, along with claims of worldwide sanctions on Iraqi banks.
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