Trade Bank of Iraq (TBI) participated in sponsoring the ” Electronic Payments contributing in Financial Stability in Iraq Conference”

Trade Bank of Iraq (TBI) participated in sponsoring the ” Electronic Payments contributing in Financial Stability in Iraq Conference”, which was held under the patronage of Prime Minister Mohammed Shia’ Al-Sudani and organized by the Iraqi Private Banks Association, in cooperation with the Central Bank of Iraq “CBI”.

The conference was attended by the Governor of the Central Bank of Iraq, Dr. Ali Mohsen Al-Alaq, Chairman of the Board of the Arab Monetary Fund, Dr. Fahd bin Mohammed Al-Turki, Chairman of the Parliamentary Finance Committee, Mr. Atwan Al-Atwani, the Prime Minister’s Financial Advisor, Dr. Mudher Mohammed Saleh, the Prime Minister’s Advisor on Banking Affairs, Dr. Saleh Mahood, and the Chairman of the Iraqi Private Banks League, Mr. Wadi’a Al-Handhal. The conference discussed several key topics, including the role of fiscal and monetary policies in supporting the banking sector and digital transformation, the financial sustainability roadmap project, and the environmental, social as well as governance standards guide for banks.

This conference was held as part of the efforts to implement the Iraqi government’s directives to promote the culture of electronic payments in Iraq, adopting the latest financial technologies and making them available for citizens through more advanced solutions and easy-to-use digital alternatives. Additionally, it emphasizes the adoption of modern electronic payment methods that facilitate financial transactions between banks and citizens, saving time and effort, enhancing trust between all parties involved, as well as mitigating risks associated with cash handling and avoid hoarding money at home or outside financial and banking institutions.