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Tag Archives | Cashless Transactions

Hoarded Wealth, Frozen Economy: Iraq's Hidden Cash Crisis Deepens

By on 11th May 2025 in Iraq Banking & Finance News, Iraq Industry & Trade News

From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Hoarded Wealth, Frozen Economy: Iraq's Hidden Cash Crisis Deepens For many Iraqis, banks are not seen as safe havens but as unreliable or even risky institutions. And for countless others, personal experiences of fraud […]

Iraqi Fuel Stations to go Cashless

By on 24th November 2023 in Iraq Industry & Trade News, Iraq Oil & Gas News

By John Lee. The Iraqi Ministry of Oil and its subsidiary, the Oil Products Distribution Company, have decided to implement electronic payment systems at all fuel stations starting January 1, 2024. The Ministry says it will also suspend cash handling from this date, adding that this move aligns with government guidelines to enhance efficiency, automate […]