The Governor of the Central Bank of Iraq, Nizar Nasser Hussein, announced the successful return of seven national banks to the global financial system through foreign correspondent banking channels for non-dollar currencies, as an initial step toward future US dollar transactions. This achievement is the culmination of high-level discussions held with the US Department of the Treasury, which resulted in this understanding after the banks met the rigorous standards of the comprehensive banking reform program. The Bank emphasized that this move reflects its commitment to bolstering the resilience of the Iraqi financial sector, ensuring its compliance with international governance requirements, and implementing best practices in risk management and anti-money laundering, thereby enhancing global confidence in Iraqi financial institutions.