The Central Bank of Iraq has set a bold timeline: July 2026
could mark the official end of all cash payments in government institutions and major facilities.
According to Central Bank official Durgham Musa, trillions of dinars have already been paid electronically, with the Ministry of Interior operating completely cashless. The initiative is being driven under the direct supervision of Prime Minister Mohammed Shia al-Sudani, signaling the government’s commitment to modernize Iraq’s financial system.
In this video, we explore:
The Central Bank’s plan to phase out cash transactions by 2026
How trillions of dinars are already being processed electronically
The role of government ministries and private institutions in the transition
Why this shift is about more than convenience: tackling corruption, improving transparency, and boosting financial inclusion
The challenges Iraq still faces: infrastructure gaps, digital literacy, and trust in new systems
Support My FX Buddies:https://cash.app/$tishwash.... https://paypal.me/tishwash....Get a FREE transcript at:https://rss.com/podcasts/myfxbuddies...💳 Iraq’s cashless deadline could mark the beginning of a new economic era. But will the country be ready?
