Cashless Iraq? Digital Banking Era Is Here! Update on Parallel Market!

Digital banks in Iraq: the birth of a new financial era

link to My FX Buddies Blog

Iraq is stepping into the future of finance. In a landmark move, the Central Bank of Iraq has launched a bold initiative to license and regulate digital banks — a major step toward financial inclusion, cashless transactions, and global fintech alignment.

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In this episode, we break down the key components of this groundbreaking development:

• What are digital banks and why is Iraq launching them now?

• How this initiative could transform access to financial services, especially for rural areas and underserved communities.

• How Iraq's digital banking framework aligns with international fintech standards and ESG (Environmental, Social, and Governance) practices.

• The risks, rewards, and the real opportunity for foreign and local investors in Iraq’s growing digital market.

With over 35 million internet users and smartphone penetration growing rapidly, Iraq is poised to leap into a new era — one that could reshape the economy, attract foreign investment, and build trust in a modern financial culture.

Like Subscribe and hit the bell to make sure you catch every episode✨ It’s Not Too Late to Make 2025 Your Year Feeling behind? Unmotivated? Not sure where to start? You’re not alone — and this audio guide can help you move forward with purpose.🎧 Listen to Relaunch Your 2025 Vision now → ⁠⁠⁠⁠https://buymeacoffee.com/tishwash/e/4....Is Iraq ready to ditch cash? Will this reform finally bring banking to the people?

Let’s explore Iraq’s digital banking revolution.

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