Central Bank Shocks: Iraq’s Cashless Deadline: July 2026
The Central Bank of Iraq has set a bold timeline: July 2026
link to My FX Buddies
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…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.