During the first quarter of 2025 the Central Bank of Iraq introduced a new feature allowing direct transfers between debit cards as part of its effort to expand electronic payment systems… The bank confirmed individuals can now transfer funds from one debit card to another with a single transfer limit of 400,000 dinars or its equivalent in US dollars. Monthly transfers can total up to 2 million dinars. This move aligns with the CBI’s broader strategy to modernize financial services and promote digital transactions across Iraq.
Sandy Ingram
