Mid-2024.. Iraq leaves government monetary dealing, 18 MARCH

Mid-2024.. Iraq leaves government monetary dealing

Today, Sunday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, set the date for Iraq to leave government cash dealing and switch to 100% electronic collection.

Saleh told Al-Rabaa, “Government collection began at the beginning of this year, and elec tronic payments have been adopted through cards in various forms, but it takes some time to prepare revenue institutions for electronic payment.”

He expected that “by the middle of this year, the government collection rate will become 100 percent electronic, after important institutions such as the Ministry of Electricity and gas stations begin it, in addition to the gradual adaptation of the rest of the institutions.”

He pointed out that “before the middle of the current year, there will no longer be a government institution that receives final cash, leading to the legal adaptation of electronic payment receipt with the Financial Management Law and the Accounting Systems Law, which are agreed upon and recognized in terms of conformity and compatibility.”

He stressed that “things are going well and accelerating, and the year 2024 will actually be (the year of electronic payment) in Iraq.”

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