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FRANK26: "DIGITAL = CASHLESS SOCIETY & IT BRINGS SECURITY & STABILITY"....F26
The Central Bank unveils a comprehensive plan to eliminate paper transactions.
3/15/2025
Baghdad
Central Bank Governor Ali Al-Alaq announced on Saturday that the government is working on a roadmap for a comprehensive digital transformation.
Al-Alaq told the official agency, as followed by "Al-Eqtisad News": "The government is working on a plan and roadmap to transition to e-government. There are steps, efforts, and a data center, and we hope that the ministries will take the initiative to interact."
He added, "The Central Bank has a comprehensive plan. Over the past year, we have been able to reduce paper usage by 50%, and we will soon eliminate all paper transactions."
He continued, "The Central Bank is working to create a digital currency. This is a major undertaking being undertaken by the bank in coordination with international and Arab organizations and entities, and directly with the Arab Monetary Fund."