Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq
9th Financial and Banking Conference, 26-2-2025

1️⃣ The financial inclusion rate rose to more than 40%.

2️⃣ Future banks will transform from traditional to smart digital platforms to facilitate financial transactions.

3️⃣ We achieved international integration by connecting the Iraqi electronic payment system to global networks.

4️⃣ The Central Bank is moving to establish its own digital currency to replace paper currency.

5️⃣ Establishing a dedicated data center for the digital economy, artificial intelligence, and data analytics.

6️⃣ We supported the licensing and operation of electronic wallets via phone.

7️⃣ The number of bank cards has reached around 17 million cards throughout Iraq.

8️⃣ The achievements in the field of electronic payments represent a fundamental shift in the financial system.

9️⃣ The number of permanent wallets has reached 1,200,000.

Central Bank of Iraq
February 27, 2025