Iraq tops Middle East in number of banks, services remain subpar: Observatory

According to Eco Iraq’s data, there are 25 million active cardholders in the country, corresponding to over 54% of Iraq’s 46.1 million population, based on the 2025 census results.

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‘A national achievement’: PM Barzani inaugurates digital payment initiative

The initiative aims to "simplify" the payment of bills through "a secure digital platform," according to the project's official website.

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Iraq’s state-owned bank shuts PMF office after American warning: Source

Al-Rafidain Bank has shut its MasterCard office for PMF members after US firm K2 Integrity advised the move to avoid potential sanctions. The closure follows a new partnership with the firm aimed at improving the bank’s compliance and financial integrity standards.

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Iraq to form committee to review 'extremely unfortunate' US Treasury sanctions

The US Department of the Treasury on Thursday announced the imposition of sanctions on the Muhandis General Company and three Iraqi bank executives, accusing them of laundering money for Iran's Islamic Revolutionary Guard Corps (IRGC) and Iran-backed militias in Iraq.

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Iraqi expert warns of ‘Lebanese-style’ banking crisis as CBI tightens monetary policy

Abdulrahman al-Sheikhli, a banking expert, warned that "there is rising concern among citizens and investors about the condition of some private and even state-owned banks facing financial and liquidity pressures, raising fears of a scenario similar to Lebanon’s."

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International Development Bank removed from KRG's MyAccount due to CBI restrictions

“The KRG [Kurdistan Regional Government] Ministry of Finance and Economy announces that the International Development Bank (IDB) will no longer participate in the MyAccount programme, following restrictions imposed by the Central Bank of Iraq (CBI) on US dollar transactions,” read a statement from the ministry.

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Iraq to ban cash payments at state institutions from July: Gov’t official

The move comes as Baghdad seeks to increase the adoption of electronic payment systems and encourage citizens to deposit their savings in official financial institutions.

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Iraq’s state-owned bank says cards ‘operating fully and normally’

“Rafidain Bank urges citizens not to be swayed by malicious rumors and to rely exclusively on news and updates from the bank's official sources,” read a statement.

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Iraq pushes digital payments to cut loan costs and strengthen economy

Iraq is promoting the use of digital payment systems to reduce high loan costs and improve the economy, according to Iraqi Prime Minister’s Advisor Mazhar Muhammad Salih.

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