dijlahpoint - The Central Bank of Iraq reassured depositors regarding the stability and safety of the banking sector, confirming that placing authorized banks under supervisory or guardianship committees falls within preemptive regulatory measures aimed at protecting depositors' rights, and does not imply bankruptcy. The bank clarified that all authorized banks are part of the Deposit Guarantee Company, which ensures depositors are compensated in the event of a bank's default. It also noted that the banking system enjoys high cash liquidity, with liquid assets exceeding 60%, enabling it to efficiently manage operations and face potential pressures in accordance with the best international banking standards.