Convert Iraq bank statements to Excel or CSV in seconds
Iraq's formal banking sector is nascent, with Bank of Baghdad, Trade Bank of Iraq, and Al-Rasheed Bank (state-owned) as the major players. Most personal transactions outside Baghdad occur via mobile money (ZainCash, NassWallet) rather than traditional bank accounts.
Central Bank of Iraq (CBI)
15% corporate income tax; 15% withholding tax on certain payments; personal income tax 3–15%; VAT framework under development as of 2025.
Jan 1 – Dec 31
The IQD trades in a managed float against USD, with the CBI conducting daily auctions. Statements regularly show IQD equivalents of USD transactions, requiring dual-currency parsing.
| Label | Meaning |
|---|---|
| QI CARD TOPUP | Qi prepaid card top-up |
| ZAINCASH TRF | ZainCash mobile money transfer |
CBI currency auction windows set daily IQD/USD rates. Statements often show IQD equivalent of USD transactions. Formal banking covers ~23% of the adult population.
Which banks in Iraq are supported?
Kashfbank supports all major banks in Iraq. Upload any PDF bank statement and get Excel or CSV in seconds.
What currency do Iraq bank statements use?
The primary currency in Iraq is IQD. Kashfbank extracts all currency values exactly as shown in the original PDF.
Who regulates the banking sector in Iraq?
CBI currency auction windows set daily IQD/USD rates. Statements often show IQD equivalent of USD transactions. Formal banking covers ~23% of the adult population.
How does Kashfbank handle Iraq bank statements?
Kashfbank uses AI to extract transactions from PDF statements from all major Iraq banks. Bilingual statements, multi-page PDFs, and all common PDF formats are fully supported.
Upload your PDF and get Excel in seconds
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Government salaries via Qi Card (national prepaid system). Private sector often cash-based. Bank penetration outside Baghdad is limited; many workers receive wages via ZainCash mobile wallet.