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From Cash to Code: 80 Banks Line Up for Iraq’s Digital Future 🌐


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The Central Bank of Iraq has officially confirmed receiving

link to My FX Buddies Blog

nearly 80 applications to establish digital banks — a major milestone in the country’s financial transformation.

Governor Ali Al-Alaq revealed that only a few will be licensed, with international consultancy Oliver Wyman overseeing final approval standards. The announcement marks a decisive step toward a cashless, digital economy, following the bank’s earlier reforms in electronic payments and financial transparency.

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🎧 In this episode, we explore:

  • Why Iraq’s digital banking race could redefine its financial sector.

  • The role of global advisors like Oliver Wyman in banking reform.

  • What this means for citizens, investors, and Iraq’s position in the Middle East fintech scene.

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#IraqFinance #DigitalBanking #CentralBankofIraq #AliAlAlaq #FintechReform #IraqEconomy #CashlessIraq #DigitalTransformation #IraqiDinar

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My FX BuddiesBy Tish Washington