Iraq CBDC

Research

Iraq

Central Bank(s)

Central Bank of Iraq

Announcement Year

2022

Status

Research

Retail/Wholesale

Retail

Main motivation/goals of the CBDC

The Central Bank of Iraq aims to introduce a digital currency as a strategic shift to modernize the national payments system, enhance financial transparency, and reduce reliance on physical cash. The goals include lowering currency production costs, curbing money laundering, improving oversight of financial flows, and promoting financial inclusion—especially for underserved populations—while fostering a more efficient and secure economic environment.

Link to announcement

www.iraq-businessnews.com

Timeline

Last update: December 2025

December 2025

Updated data

Link to announcement: www.iraq-businessnews.com

March 2025

Added data

Main motivation/goals of the CBDC: The Central Bank of Iraq aims to introduce a digital currency as a strategic shift to modernize the national payments system, enhance financial transparency, and reduce reliance on physical cash. The goals include lowering currency production costs, curbing money laundering, improving oversight of financial flows, and promoting financial inclusion—especially for underserved populations—while fostering a more efficient and secure economic environment.

Updated data

Retail/Wholesale: Retail, Wholesale Retail

Link to announcement: ina.iq

February 2022

Status updated

None Research

Added data

Announcement Year: 2022

Retail/Wholesale: Retail, Wholesale

Link to announcement: www.amf.org.ae

Country / Region: Iraq

Central Bank(s): Central Bank of Iraq

News

No recent news found for this currency.