Laws and Regulations
The Central Bank of Iraq Law was issued March 6, 2004. Its objectives are achieving domestic price stability, and promoting a competitive stable financial system. In meeting these objectives the Central Bank will support sustained growth and economic opportunites for the people of Iraq.
The Banking Law was issued September 19, 2003. The law brings Iraq’s legal framework for banking in line with international standards. This will promote confidence in the banking system by establishing a safe, sound, competitive and accessible banking system.
The Central Bank of Iraq receives foreign and Arab banks license applications to practice their operations in Iraq according to the provisions stated hereunder.