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Government directive regarding the banking sector in Iraq


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Government directive regarding the banking sector in Iraq

Oct 15, 2023

Government directive regarding the banking sector in Iraq

 

Today, Sunday, Prime Minister Muhammad Shiaa Al-Sudani directed the simplification of all banking procedures, and he also directed the preparation of a proposed list of facilities and simplified procedures to be submitted within a week.


Al-Sudani's office said in a statement, "Within the framework of his follow-up to the plan to implement financial and administrative reforms in the financial and banking sectors, Prime Minister Muhammad Shia' al-Sudani chaired, this evening, Sunday, a meeting that included the Governor of the Central Bank and the directors of government banks, in which the procedures and work mechanisms taken to achieve... Banking reform, which constitutes one of the basic steps of financial and economic reform that the government adopts in its executive approach." Al-Sudani stressed, according to the statement, that "financial reform is not just a slogan, but rather a series of terms and procedures that the government is determined to implement without hesitation, and will face all the challenges and obstacles that impede the progress of implementing systematic and thoughtful reform plans."


According to the statement, Al-Sudani stressed that "financial reform is not just a slogan, but a series of vocabulary and measures that the government intends to implement without hesitation, and will face all challenges and obstacles that hinder the implementation of systematic and studied reform plans."

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