.statement of the chairman of the securities commission to the Iraqi news agency

Iraq Securities Commission announced today, Monday, that cash payments are now accepted via electronic payment methods. It also revealed plans to list electronic payment companies on the stock market.

The head of the commission, Faisal Al-Haimus, told the Iraqi News Agency (INA) that the commission acts as a regulatory body for Iraq Stock Exchange. Since the Prime Minister's directive to automate electronic payments and processes within the market, the commission has formed a task force to support this initiative.

Al-Haimus added that the commission has currently stopped accepting cash payments and is only accepting electronic payments as revenue for the Securities Commission. He noted that the market is moving toward using this method through brokers operating in the Iraq Stock Exchange.

He also pointed out that while electronic payment companies are not currently traded on the Iraq Stock Exchange, there are companies from various sectors, including banks, that are traded on the market. He confirmed that there is a move to list electronic payment companies on Iraq Stock Exchange during the current year.

Media Office

12th February, 2024