Iraq appoints new central bank governor amid financial strain and push for reform (opens original article in a new tab)

Iraq appoints a new central bank governor as the country addresses financial strain, implements banking reforms, and works to meet international compliance standards.

• Iraq appoints Nazar Nasser Hussein as new central bank governor amid financial strain and reform efforts.
• Hussein succeeds Ali Al Alaq, with focus on restoring financial stability and implementing banking reforms.
• Iraq faces challenges including declining oil exports, FATF grey list status, and pressure to meet international compliance standards.
• Reforms include exchange rate policy adjustments, banking sector restructuring, and digital transformation initiatives.