The Central Bank of Iraq launched an Iraq currency machine tender to upgrade cash-handling systems in Basra and Mosul. The bank plans to acquire 68 advanced machines, placing 35 in Basra and 33 in Mosul. This initiative reflects its goal to modernize operations and improve efficiency.
The machines will handle local and foreign currencies, including US dollars and euros. The Central Bank allocated funds from the investment budget to support this project. By doing so, it ensures both branches receive reliable technology to process cash quickly and securely.
Local agents representing international companies can participate in the Iraq currency machines tender. They may purchase documents from the legal department in Baghdad or download them from the procurement platform. A standard fee applies for both options, with an added service charge for online access.
Bidders must submit their proposals directly to the Contracts Section at the Central Bank’s headquarters. The bank requires selected bidders to pay all taxes and administrative fees, including publication and e-archiving costs, under Iraqi law.
The Iraq currency machines tender demonstrates the Central Bank’s commitment to strengthening Iraq’s financial infrastructure. Officials believe the new machines will increase accuracy, reduce manual errors, and improve cash-handling security. This step also aligns with their broader plan to integrate advanced technologies in daily operations.
Experts note that modern machines will ease staff workloads and ensure faster processing times. With these improvements, the Central Bank aims to set a new standard for cash management across the country.
However, qualified companies with expertise in financial technology solutions should submit competitive offers. The Central Bank seeks partners who deliver high-quality systems that meet international standards. Through such partnerships, Iraq continues to enhance its banking sector and support economic growth.
This initiative also highlights Iraq’s increasing demand for innovative solutions in financial services. As the country progresses, the adoption of advanced equipment will play a key role in building a more secure and efficient financial system.
