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Tag Archives | National Company for Electronic Payment Systems in Iraq

Iraq Makes Progress on e-Payments

By on 4th March 2024 in Iraq Banking & Finance News

By John Lee. The Central Bank of Iraq (CBI) has reported an increase in foreign reserves to 148 trillion dinars [$113 billion] and deposits in the banking sector to 131 trillion dinars [$100 billion], which it says indicates a positive trend in monetary stability and financial growth. According to the state-run Iraqi News Agency (INA), […]

Iraq establishes National Company for Electronic Payment Systems

By on 14th December 2023 in Iraq Banking & Finance News, Iraq Industry & Trade News

By John Lee. The Central Bank of Iraq (CBI) has decided to establish the "National Company for Electronic Payment Systems in Iraq," marking a qualitative development in the country's financial infrastructure. The new company will be responsible for efficiently developing, operating, and managing national electronic payment and settlement systems, introducing new elements to enhance the […]