Central Banking

A new RTGS system for Iraq

The Iraqi central bank has reportedly started with the implementation of a new electronic real-time gross settlement payment system.

The Iraq Development Programme, a government-endorsed business development initiative, reported that the Central Bank of Iraq had successfully launched the electronic payments system, with the accession of a number of Iraqi commercial banks.

According to the report, a member of the central bank's staff said the modern payments system would facilitate payment

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