Iraq PM welcomes central bank deal with US Treasury, paving way for seven banks to access dollar transactions

BAGHDAD, Iraq — Iraqi Prime Minister Ali al-Zaydi said on Saturday he welcomed an agreement between Iraq's Central Bank and the US Treasury Department, describing it as a step in the reform of the banking sector and its integration into the global financial system. In a statement shared on his official platform, al-Zaydi said the re-inclusion of seven Iraqi banks in dollar-denominated correspondent banking operations is preparatory, contingent on the completion of compliance and governance requirements, and would restore their capacity to conduct dollar transactions. The prime minister said the development affirms the success of the government's financial reform approach, adding it would strengthen confidence in Iraq's banking sector and open new prospects for the national economy and investment. The statement also said financial and banking reforms would continue, with a focus on reinforcing transparency and governance principles.