CBI Third Announcement to all Iraqi Banks Regarding Arab Financial Inclusion Week

CBI Third Announcement to all Iraqi Banks Regarding Arab Financial Inclusion Week

 

The progress in financial inclusion indicators inside Iraq was accelerated by using electronic payment tools for it facilitate the electronic transfer of funds, which saves both time and effort for everyone, as it reduces the exchange of banknotes that are considered a mean for transmitting diseases and infectious viruses. Central Bank of Iraq has adopted a strategy for electronic payment by the way of cooperating with the public and private sectors to improve financial inclusion ratios, which is one of the indicators of countries ’economic growth, by improving and accelerating financial and economic services.

2020 witnessed the launch of a progressive model throughout the region to meet the needs of dealers in banking sector by developing the Iraqi monetary policy infrastructure, a process led by CBI.