Baghdad (IraqiNews.com) – The Central Bank of Iraq (CBI) is currently working on three strategic projects designed to advance the country’s financial sector and significantly boost financial inclusion. This was confirmed today, Saturday (October 11, 2025), by Salih Mahoud, the Prime Minister’s advisor for banking affairs.
Mahoud told the official news agency that these three crucial projects are expected to elevate Iraq to an advanced standing in the global financial landscape. The projects are:
- The local electronic card (for payments and transactions).
- The fast payment system.
- The unified invoicing system.
The banking advisor stated that the CBI has set specific timelines for the completion of these three initiatives, aiming to achieve a “major shift” in the level of financial inclusion. He emphasized that Iraq is leveraging international expertise and global experiences in digital transformation and the financial sector to implement these reforms.
