From Cash to Code: 80 Banks Line Up for Iraq’s Digital Future 🌐
The Central Bank of Iraq has officially confirmed receiving
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nearly 80 applications to establish digital banks — a major milestone in the country’s financial transformation.
Governor Ali Al-Alaq revealed that only a few will be licensed, with international consultancy Oliver Wyman overseeing final approval standards. The announcement marks a decisive step toward a cashless, digital economy, following the bank’s earlier reforms in electronic payments and financial transparency.
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