In a major development for Iraq’s financial sector, informed sources have link to My FX Buddies Blogrevealed the expected timeline for the return of Iraqi banks that were previously punished by the U.S. Treasury and barred from dealing in dollars.If you'd like to Support the channel: ⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://cash.app/$tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...⁠ ⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://paypal.me/tishwash⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...⁠ ⁠ a FREE transcript at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://rss.com/podcasts/myfxbuddies⁠...⁠.According to Al-Jabal, several sanctioned banks have been working directly with the Central Bank of Iraq (CBI) and U.S. authorities to meet compliance requirements, with clear progress now being reported.Sources confirm that:🔥 • About 7 Iraqi banks are currently in the evaluation phaseThese banks were sanctioned last year for failing to meet international compliance standards, or for involvement in networks linked to corruption, sanctions evasion, or unauthorized foreign transactions.🔥 • The U.S. Treasury has given preliminary approvalThis approval is conditional, pending full adherence to anti-money-laundering (AML) and counter-terrorist-financing (CTF) standards.🔥 • 2026 will be the full compliance monitoring yearA specialized firm — in coordination with the CBI and U.S. Treasury — will oversee their reforms throughout 2026.🔥 • Banks may RETURN to dollar operations in 2027If they meet all requirements, they could be reinstated at the start of 2027, allowing them to engage again in foreign currency transactions, especially USD.This marks one of the biggest steps in Iraq’s banking cleanup and modernization efforts.✨ Reset Naturally — Grab the Holiday Helper Plan 🎁⁠⁠⁠⁠https://buymeacoffee.com/tishwash/e/479454

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