The Central Bank Launches the Virtual Bank Project

CBI announces the adoption of the project to launch a virtual bank in Iraqi universities. This is the first virtual bank to be established in an Iraqi university. The first stage will be held at al-Muthanna University, which hosted a comprehensive exhibition held on the sidelines of the second scientific conference "Artificial Intelligence and Labor Market Requirements." The exhibition was organized by the University's College of Administration and Economics, in cooperation with Mansoura University of Egypt, CBI, al-Muthanna Chamber of Commerce, and al-Muthanna Chamber of Industry.

The exhibition included pavilions representing a number of banks and companies, as well as displays of fine art and heritage.

The virtual bank project aims to provide students and graduates with practical experience in banking, preparing them to develop human resources capable of meeting the needs of financial institutions. It also aims to provide students with practical experience through simulations of financial institutions' operations and international best practices. It also seeks to encourage financial institutions operating in Iraq to access and expand financial services to all geographical regions of Iraq, with the objective of strengthening financial inclusion plans.

 

Central Bank of Iraq

Media Office

April 20, 2025