Eco
Al-Rafidain Bank announced significant achievements in electronic tax settlements during October 2026, with the total settlements exceeding 1.7 trillion Iraqi dinars across more than 91,000 transactions. This accomplishment is part of the bank's efforts to support digital transformation and expand the use of electronic payment methods. Settlements related to government departments reached approximately 1.614 trillion dinars, marking a 90.17% increase compared to the same month last year, and representing the highest monthly value during the first ten months of the current year. Settlements for merchants amounted to about 102.13 billion dinars. The total amounts settled for government accounts from the beginning of the year until the end of October reached around 12.705 trillion dinars, showing a growth of 75.93% compared to the same period in 2025. The number of government accounts activated within the electronic tax system stands at 2,994, indicating a notable expansion in the adoption of this system. In the field of electronic fee collection, the bank transferred net amounts of judicial fees, stamp duties, and school construction fees totaling approximately 112.77 million dinars to the Ministry of Finance's accounts at the Central Bank of Iraq. These transactions were conducted electronically via point-of-sale devices with daily reconciliation of movements.
