Al-Zaydi: The understanding with the US Treasury is a strategic step to pave the way for the return of 7 Iraqi banks to dealing in dollars.
Al-Zaydi: The understanding with the US Treasury is a strategic step to pave the way for the return of 7 Iraqi banks to dealing in dollars.
2026-07-18
Shafaq News – Washington
Prime Minister Ali al-Zaidi expressed his welcome on Saturday to the understanding reached between the Central Bank of Iraq and the US Treasury Department, describing it as “an important step in the path of reforming the banking sector and strengthening its integration into the global financial system.”
Al-Zaydi said in a post on the “X” platform that “the qualification of seven Iraqi banks to return to foreign correspondent banking channels in other currencies, in preparation for restoring their eligibility to deal in the US dollar, after completing the requirements of compliance and governance, confirms the success of the financial reform approach adopted by the government, and enhances confidence in the Iraqi banking sector and opens wider horizons for the national economy and investment.”
He affirmed the continuation of “support for financial and banking reforms, and the consolidation of the principles of transparency and governance, in a way that serves the interests of Iraq and enhances its economic standing regionally and internationally.”
shafaq.com
