THE CENTRAL BANK OF IRAQ LAUNCHES THE FIRST NATIONAL STRATEGY FOR FINANCIAL INCLUSION.

 THE CENTRAL BANK OF IRAQ LAUNCHES THE FIRST NATIONAL STRATEGY FOR FINANCIAL INCLUSION.

The Central Bank of Iraq (CBI) launched its first National Financial Inclusion Strategy for the period 2025-2029.

The strategy includes an integrated framework for financial inclusion aimed at enabling all individuals and businesses to access the financial sector and use appropriate and safe financial services while protecting their rights, thus contributing to economic and social development.

In his speech, His Excellency the Governor of the CBI, Mr. Ali Mohsen Al-Alaq, emphasized that the CBI attaches great importance to promoting financial inclusion in Iraq, as well as cooperation at the regional, Arab, and international levels. The CBI has worked with international partners to develop a financial inclusion strategy in accordance with international best practices, in partnership with the World Bank Group, the Arab Monetary Fund, the Global Financial Inclusion Alliance, and the German Development Cooperation Agency (GIZ), in addition to local partners from public and private bodies and agencies.

The CBI is working to achieve a number of goals, including increasing the percentage of bank accounts, enhancing consumer protection for those dealing with the financial sector, using the latest electronic payment methods, and developing infrastructure and regulations to enhance financial inclusion.

Central Bank of Iraq
Media Office
May 25, 2025