Central Bank Launches the First National Strategy for Financial Inclusion
The bank said in a statement received by the Iraqi News Agency (INA): "The initial National Strategy for Financial Inclusion for the period 2025-2029 has been launched."
"The strategy includes an integrated framework for financial inclusion aimed at enabling all individuals and businesses to access the financial sector and use appropriate and safe financial services while protecting their rights, thus contributing to economic and social development."
Central Bank Governor Ali Mohsen Al-Alaq affirmed, according to the statement, that "the Central Bank of Iraq attaches great importance to promoting financial inclusion in Iraq, as well as cooperation at the regional, Arab, and international levels. The Central Bank of Iraq has worked with international partners to develop a financial inclusion strategy in accordance with international best practices, in partnership with the World Bank Group, the Arab Monetary Fund, the Global Financial Inclusion Alliance, and the German Development Cooperation Agency (GIZ), as well as local partners from public and private bodies and agencies."
According to the statement "the bank is working to achieve a number of goals, including increasing the percentage of bank accounts, enhancing consumer protection for those dealing with the financial sector, using the latest electronic payment methods, and developing infrastructure and regulations to promote financial inclusion."
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