National Bank of Iraq Finalizes Transition to SWIFT MX (ISO 20022)
The National Bank of Iraq has officially completed its
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transition to the global SWIFT MX standard — a major milestone in the country’s digital banking transformation.
SWIFT MX (ISO 20022) is now the world’s most advanced financial messaging system, allowing richer data, faster processing, and greater transparency in global payments.
In its announcement, the bank confirmed that the upgrade was completed with minimal downtime, reflecting strong technical preparation, teamwork, and close coordination with regulators and technology partners.
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