Iraq continues to strengthen its digital banking efforts as the Central Bank of Iraq (CBI) participates in the “Informatics, Digitalisation, and Their Impact on Sustainable Development” conference at the University of Kirkuk. The event brought together experts, academics, and financial professionals to discuss the future of technology in the Iraqi banking sector.
During the conference, the Central Bank of Iraq presented two research papers that focused on the digital transformation of the financial system. The first paper explored the potential of electronic banking in Iraq and its impact on operational efficiency. The second examined how early warning systems can help maintain the stability of the Iraqi dinar’s exchange rate. These studies highlighted Iraq’s commitment to innovation and financial stability.
Moreover, the conference emphasized the importance of linking digitalisation with sustainable development. Experts discussed how technology can drive financial inclusion, improve transparency, and create new opportunities for economic growth. The discussions also stressed that digital banking plays a vital role in building stronger institutions and improving public access to financial services.
In addition, the University of Kirkuk expressed deep appreciation to the Central Bank of Iraq for supporting the event. The university president praised the bank’s active role in promoting collaboration between academic and financial institutions. Participants received recognition for their valuable contributions to advancing Iraq’s digital economy.
In addition, on the sidelines of the event, an exhibition focused on financial inclusion showcased the role of digital tools in modern banking. Government and private banks, along with electronic payment companies, presented innovative services. They demonstrated how loans, deposits, money transfers, and prepaid cards could reach more citizens through electronic systems. This exhibition aimed to increase financial awareness and encourage the public to engage with modern banking products.
The Central Bank of Iraq reaffirmed its determination to continue leading the country’s financial digitalisation efforts. Through its participation, it reinforced the importance of knowledge exchange and capacity-building in Iraq’s economic development. The focus on digital banking in Iraq reflects a growing national vision for technology-driven growth and financial resilience.
Ultimately, this initiative marks another milestone in Iraq’s journey toward modern and inclusive banking. It strengthens cooperation between education, finance, and technology while helping Iraq prepare for a digital future.