Banking updates and changes

[jb4388]

Here is a pdf from Karmal Brokerage. It is a summary of H1 2026 in the Iraq stock exchange.

 

Here is a carrot...

 

In June, Nizar Nasser Hussein took over the Central Bank, inheriting the banking-reform 
program after more than 60 private banks had settled their path. The World Bank
signalled readiness to provide technical support, proposing the merger of several state 
banks into a large holding company. 
In parallel, the Central Bank required all government institutions to eliminate cash 
transactions by July 2026, under the Prime Minister's direct supervision. The program 
spans a national instant-payment system, a unified government payment gateway, a 
national card scheme and a national switch — alongside a study on issuing a digital 
dinar

Iraq Stock Exchange - H1 2026 summary.pdf

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On 7/26/2026 at 8:17 PM, jb4388 said:

proposing the merger of several state 
banks into a large holding company. 

IMF requirement

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On the technical front, on 19 May 2026 the market began deploying the new central depository system Eqlipse from Nasdaq becoming, per its disclosure, the first financial market in the Middle East to adopt it — with rollout continuing until September 2026

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interesting date

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https://www.nasdaq.com/solutions/fintech/nasdaq-eqlipse/clearing-technology