ANALYSIS OF IRAQ NEWS: An economic expert confirms the possibility of following the movement of the dinar BY MNT GOAT, 27 DEC

An economic expert confirms the possibility of following the movement of the dinar

On Sunday, economic expert Safwan Qusay confirmed the possibility of Iraqi banks to follow the movement of the dinar and buyers of goods and merchandise from abroad, through new electronic cards and the shift towards the digital economy.

(They said digital economy not digital currency tokens.) 

Qusay told Al-Maalouma, “Iraqi banks can move towards monitoring the movement of the dinar through banking and governmental measures that push towards a shift towards working with electronic cards.”

He added, “The government’s tendency is to shift from storing money in homes to putting it in banks via electronic cards, and thus investing the dinar after it is with the banks so that it can be redisbursed in the form of projects and job opportunities.” “

He stated that “banks will have the opportunity to track the dinar and know buyers of goods from abroad, as the current government seeks to transfer the economy and turn it into a digital economy and attract more investments, as well as achieving economic security and controlling the movement of hard currency and the dinar at the same time.” 

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