From Cash to Clicks: Iraq’s Electronic Payment Push Explained

Iraq is taking another big step toward a digital economy.
link to My FX Buddies Blog Central Bank Governor Ali Al-Alaq confirmed new rules and requirements that push the country toward electronic payments instead of cash.

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This move is part of Iraq’s larger digital transformation strategy—covering infrastructure, legislation, and public awareness.

In this video, we’ll break down:

• Why the Central Bank is insisting on e-payments

• How Iraq’s shift reduces reliance on cash

• What infrastructure and laws are being built to support digital payments

• How this connects to global finance and Iraq’s economic stability

• Why public awareness and trust are the final missing piece

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