The Central Bank of Iraq said Gov. Nizar Nasser Hussein met the speaker of the Council of Representatives to discuss how to develop the country’s banking and financial sector. In the meeting, the governor set out a banking reform plan that calls for comprehensive strategic programs to modernize the sector and upgrade its infrastructure. The talks also covered current economic challenges and ways to strengthen the financial system in support of sustainable development. A key point was closer coordination between the legislative authority and monetary policy on institutional performance to improve the efficiency of Iraqi banks. The speaker said parliament supports measures and policies aimed at preserving financial and banking stability and protecting the national currency, and both sides agreed to continue joint work to address legislative and executive obstacles to a stronger financial system.
Central Bank of Iraq2026-07-01
Central Bank of Iraq governor outlines banking reform plan in talks with parliament speaker
The Central Bank of Iraq said its governor discussed banking and financial sector development with the speaker of parliament and presented a banking reform plan focused on modernization and infrastructure upgrades. The meeting also addressed current economic challenges and closer coordination between the legislature and monetary policy to improve bank performance. Both sides said they would continue working together on legislative and executive obstacles to financial stability.