Progress on Restructuring of Iraq’s Rafidain Bank

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Progress on Restructuring of Iraq's Rafidain Bank

A meeting of the supervisory committee on the reorganization of the state-owned Rafidain Bank was presided over by Ali Mohsen Al-Alaq, the Governor of the Central Bank of Iraq (CBI).

Members of the committee from the Ministry of Finance, advisers to the Prime Minister, senior officials from the Central Bank, and Ernst & Young representatives were among those in attendance.

The gathering explored progress on the public authority’s arrangement, composed with the National Bank, to change the financial area, further develop execution and administrations, and accomplish monetary dependability.

Conversations zeroed in on authoritative, monetary, and specialized rebuilding to line up with worldwide financial accepted procedures. The Prime Minister serves as the chairman of the monthly committee meetings, which are held to provide direction and monitor progress.