The Central Bank of Iraq (CBI) has announced a significant institutional upgrade to its internal structure. The Directorate of Non-Bank Financial Institutions Supervision has been elevated to a complete General Directorate. This strategic move is part of a broader initiative to implement major institutional reforms within the country's financial system. By upgrading the status of this body, the CBI aims to strengthen its oversight of non-banking financial entities. The change is expected to enhance the efficiency of monitoring and regulatory processes. This transition reflects theCBI's commitment to maintaining financial stability. Overall, the reform seeks to modernize the governance of Iraq's financial landscape.