By John Lee.
The Central Bank of Iraq (CBI) has concluded its first quarterly meetings of 2025 with the US Treasury Department and the Federal Reserve Bank, held in Dubai, UAE, with participation from international auditing and consulting firms EY (Ernst & Young), K2 Integrity (K2i), and Oliver Wyman.
Key highlights from the meetings included:
- Recognition of Iraq's US dollar distribution system as one of the most monitored and controlled globally, effectively limiting manipulation and illicit dollar outflows.
- A significant transformation in international transfers, with the CBI's risk mitigation measures now aligning with global banking standards.
- Presentations by EY and Oliver Wyman on reform plans for both public and private banking sectors, aimed at enhancing international compliance and integrating Iraqi banks into global financial networks.
Given the importance of correspondent bank confidence in Iraq's financial sector, the CBI urges reliance on official channels for updates and warns against misinformation, such as claims of international sanctions on Iraqi banks.
(Source: CBI)
More prepping for the big dinar revaluation. And they buying counting machines.
I THINK IRAQI HAS IT WHERE THEY WANT IT, AND THERE WILL BE NO R V.
No RV means the U.S. government is sitting on a few billion dollars of useless money. They sure have alot of Dinar for no reason.