Iraq to Introduce a New Currency

Government institutions have already adopted electronic payment systems for collections and payments Iraq’s government and the Central Bank have set mid-2026 (around July 2026) as the target for eliminating cash transactions within government institutions and moving government payments to digital systems. The Central Bank is building national payment infrastructure, including instant payments, a national payment switch, and government payment gateways. Digital wallets, bank cards, POS terminals, and online government services are expanding rapidly. That said, a fully digital economy where most citizens, businesses, and government services operate digitally with minimal cash use. And yeah, don’t worry your cash will be…