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⚡️ “Iraq’s Digital Revolution: Central Bank Pushes Full Electronic Payments — Cash Is Out! 💳🚀🇮🇶”
🏦 Central Bank of Iraq Leads the Charge
Governor Ali Al-Alaq announced new instructions and regulations to regulate electronic payments focusing on three crucial aspects: infrastructure, legislation, and community awareness.
📲 Key Highlights:
All state institutions are now mandated to switch from cash to electronic payments.
Electronic payments are a gateway to digital transformation and financial inclusion, aligning Iraq with global economic trends.
Strong collaboration between the Central Bank, government, private sector, and tech companies to accelerate the shift.
Localization of millions of salaries to electronic payments is underway.
Community awareness campaigns are being ramped up through payment companies and civil society groups.
📈 Infrastructure & Legislation in Place — Awareness Growing
The Central Bank has completed advanced infrastructure upgrades aligned with international standards.
Many regulatory instructions have been issued to smooth the process.
The biggest ongoing focus is building community and cultural acceptance of electronic payments.
🌐 Read more: Economy News Source
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💡 Iraq’s journey to a cashless society is real and accelerating — digital payments are the future!
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