The Central Bank launches the first financial service of its kind in Iraq and the region

Time: 02/07/2021 09:17:18 Read: 4,914 times

{Baghdad: Al Furat News} The Central Bank of Iraq announced the launch of the digital enrollment service, which is the first of its kind in Iraq and the region.

A bank statement said that the Euphrates News Agency received a copy of it, “Digital enrollment is an integrated digital financial system that enhances financial independence and liberation from traditional financial systems, as it works to transform Iraq into a country less dependent on cash, which enables the state to fight corruption, evasion and bureaucracy in Financial transactions within banks operating in Iraq. ”

He explained, “This service is considered a new and different trend because of its many advantages, including conducting financial operations in a modern digital electronic form, which reduces time and geographical distances and raises traditional barriers in the Iraqi banking sector.”

Ammar Al-Masoudi

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