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TNT
Tishwash:
Central Bank of Iraq: Net currency in circulation exceeds 92 trillion dinars in one month
The Central Bank of Iraq revealed on Tuesday that the net currency in circulation amounted to more than 92 trillion dinars during September 2025.
The bank stated in a statistic seen by Shafaq News Agency that the net currency in circulation amounted to 92.185 trillion dinars in September, down from 93.090 trillion dinars in August.
The bank added that the currency issued by it amounted to 99.681 trillion dinars, while the currency held by banks amounted to 7.496 trillion dinars.
The bank indicated that the issued currency is the money that the state prints through the central bank for the purpose of circulation, and it includes banknotes of paper and metal denominations circulating outside the vaults of the central bank. (LINK)
Dhi Qar: Announcement of a new batch of compensation checks under Article 140
The Committee for the Implementation of Article 140 of the Constitution announced today the release of a new batch of financial checks for beneficiaries of compensation, calling on citizens whose names are listed in the attached lists to visit the committee’s office in Baghdad to receive their previously issued checks before their expiry date.
The committee stated in a press release received by Nasiriyah News Network that the current batch includes 103 bank checks ready for disbursement. It emphasized the necessity for applicants to bring the required documents, which include valid and certified legal powers of attorney for 2025 with a barcode, a copy of the 2025 inheritance certificate, two copies of the identification documents for all heirs, and two personal photographs for each heir.
The committee stressed the importance of expediting the application process to ensure the checks are disbursed within the legal timeframe and to avoid the loss of rights due to the checks’ expiration. (LINK)
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The National Bank of Iraq announces the completion of its transition to the new global standard, SWIFT MX.
The National Bank of Iraq announced the completion of its transition to the new global standard SWIFT MX for financial messages, a step that marked a significant milestone in the bank’s technological infrastructure modernization and enhanced readiness for digital transformation.
The bank said in a statement, “The implementation of this transformation comes as part of the bank’s transition from the old MT standard to the MX ISO 20022 model, which is the most advanced, structured and data-rich framework in the global financial messaging sector. The transformation process was carried out across all operational channels with high efficiency and minimal downtime, reflecting the bank’s strong technical readiness, accurate planning, and commitment to providing its services without any significant interruption.”
He pointed out that “this transformation is an advanced step within the strategic roadmap of the National Bank of Iraq to modernize its systems, enhance its compatibility with global best practices, and provide an advanced digital banking experience for its individual and corporate clients.”
The statement quoted Aqeel Ezzedine, Chief Operating Officer and Deputy CEO of the National Bank of Iraq, as saying that “the smooth transition to the MX standard is the result of a robust system of governance, teamwork and careful planning, and represents an important step in modernizing the payments infrastructure and enhancing the reliability and security of banking operations.”
Hani Khalil, head of the transformation department at the National Bank of Iraq, said, according to the statement, that “the completion of this transformation embodies the bank’s commitment to keeping pace with the latest international standards in payment systems, and building a more transparent, integrated and high-quality financial data structure, which enhances customer experience and strengthens the bank’s position within the regional financial system.”
The MX standard enables a more accurate and richer exchange of information in financial messages, with substantial improvements in transaction tracking and identification of parties, supporting global trends towards greater efficiency and transparency in payments.
Since the new system came into effect, the bank has not recorded any significant problems, which confirms the success of the implementation process and the close coordination between the transformation, IT and operations teams, in addition to effective cooperation with partners and regulatory authorities. (LINK)
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Source: Dinar Recaps
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