📢 Iraq Launches “Al-Samawal” Digital Payment Revolution – IQD RV Momentum Grows! 🇮🇶💳🚀

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📢 Iraq Launches “Al-Samawal” Digital Payment Revolution – IQD RV Momentum Grows! 🇮🇶💳🚀

🗓️ Sept 1, 2025 – Baghdad Update

🔹 Big Moves from the Central Bank of Iraq (CBI):
The CBI has officially launched the “Al-Samawal” Campaign, a bold new initiative aimed at digitizing Iraq’s economy and boosting financial inclusion. This is a major move aligned with Iraq’s broader National Financial Inclusion Strategy (2025–2029) — and it couldn't come at a more critical time amid IQD revaluation conversations.

💡 Campaign Highlights:

🏦 Free Bank Accounts: Merchants and citizens can now open accounts at no cost.
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Read also: "EXCHANGING FOREIGN CURRENCIES AND REDEEMING ZIM BONDS PROCESS"
Digital Payments: Massive rollout of POS devices and electronic cards in key commercial areas.
📚 Financial Education: Led by the CBI’s Financial Inclusion Department and “Our Awareness” NGO, promoting smart, cashless transactions.
📍 Targeted Zones: Rashid Street, Bab al-Sharqi, Shorja, Saray Market, and Mutanabbi Street — all core economic hotspots in Baghdad.
📆 Campaign Duration: One full month, with wide participation from banking & non-banking financial institutions.

🎯 Why It Matters:

✅ Reduces reliance on cash
✅ Strengthens the Iraqi Dinar ecosystem
✅ Supports the digital infrastructure ahead of a possible RV (Revaluation)
✅ Builds trust in formal banking channels
✅ Stimulates economic growth and modern trade systems

📣 This is not just a campaign—it’s a digital economic transformation. The CBI is signaling serious long-term commitment to financial modernization, stability, and readiness for global integration.

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