Will Cash Disappear in Iraq?

Current Situation

Cash is still dominant, but digital payments are growing rapidly.

Why Cash Still Exists

• Cultural habits
• Low financial inclusion
• Infrastructure limitations
• Trust issues

What Drives Digital Payments

• Smartphone adoption
• Government initiatives
• Growth of fintech
• Expansion of e-commerce

Will Cash Disappear?

Cash is unlikely to disappear completely in the near future. Instead, Iraq will move toward a hybrid financial system combining cash and digital payments.

Conclusion

The future of Iraq’s financial system is not cashless, but less dependent on cash.