Governor Of The Central Bank Of Iraq: We Are Working To Launch An Iraqi Digital Currency
February 26, 2025 Baghdad/ Iraq Observer The Governor of the Central Bank, Ali Al -Alaq, revealed today, Wednesday, the establishment of a digital currency of the Central Bank to gradually replace the paper process.
"The financial and banking system will witness fundamental transformations, including the decline of paper currencies to be replaced by digital payments for central banks."
He added, "The central bank is moving to create a bank's digital currency to gradually replace the paper process, as is taking place in some central banks in the world."
Al -Alaq stressed, "We are seriously thinking about establishing a data center in Iraq and the bank, starting to move on this issue within the steps of digital transformation." https://observeriraq.net/محافظ-البنك-المركزي-العراقي-نعمل-على-إ/
