A senior government supply discovered vast development executed by using the Iraqi authorities within the area of electronic bills and monetary inclusion, stressing that this problem is a priority for prime Minister Mohammed Shia al-Sudani, given its direct connection to accomplishing financial stability and selling sustainable increase.
The supply pointed out that since assuming office greater than two and a half of years in the past, the authorities has dedicated significant attention to constructing an integrated digital banking device. This has been accomplished via a sequence of decisions and measures taken by using the Council of Ministers and the Ministerial financial Council, as well as the formation of specialized committees comprising representatives from the government, the important financial institution, and the private area to screen this change.
lively committees include the electronic price overall performance tracking Committee, the economic Inclusion Stimulation Committee, the digital Transformation Committee, and the electronic price Operations assessment Committee in nation establishments. those committees often put up reports to the top Minister, resulting in a sequence of directives that contributed to attaining tangible consequences in 2025.
Key signs of virtual transformation and digital charge:
The digital transformation charge in ministries and institutions rose to 32%, in comparison to 18% in 2022, representing a boom price of seventy eight%.
The range of financial institution bills reached about 20 million, compared to 8 million in 2022, an increase of extra than one hundred fifty%.
bank cards (of all sorts) rose to 21-22 million playing cards, up from 16 million playing cards in 2022, a boom of 38%.
factor-of-sale (POS) gadgets reached 62,000, compared to much less than 10,000 in 2022, a massive boom charge of 520%.
automated teller machines (ATMs) elevated to 7,531 machines, up from most effective 2,223 in 2022, a increase of extra than 239%.
total electronic bills reached about 1.37 trillion dinars in might also 2025, up from much less than ninety billion dinars at the cease of 2022, representing a stunning growth price of one,four hundred%.
The economic inclusion rate rose to forty%, up from less than 10% in 2019.
future choices and initiatives beneath implementation:
The supply explained that the prime Minister issued instructions to put in force specific initiatives within the area of electronic payments, inclusive of:
prompt the neighborhood card earlier than the cease of 2025.
release of the short charge venture.
Launching the unified digital tax collection utility.
Localization of personal sector salaries just like the government quarter.
setting up a unified middle to get hold of digital charge proceedings, affiliated with the national records center.
The supply concluded with the aid of stressing that those projects may be finished in less than a 12 months and will make a contribution to moving Iraq to a new level of virtual progress.
