Al-Alaq: Digital currencies will contribute to reshaping the traditional banking system
Central Bank Governor Ali Al-Alaq confirmed on Monday that digital currencies will contribute to reshaping the traditional banking system.
In a speech he delivered at the Iraqi Banking Sector Reform Conference, attended by the Iraqi News Agency (INA), Al-Alaq said, "The Central Bank aims to achieve an advanced economy," stressing that "investment in research and development in the field of artificial intelligence must be increased."
He added, "Digital currencies could lead to a restructuring of the traditional banking system," noting that "the Central Bank announces its readiness to implement the banking sector reform plan."
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