MNT GOAT
So, below is proof of what I am talking about when it comes to Iraq. The CBI already stated back in March of this year and I quote from the article below – “it was decided to prevent the use of electronic cards and wallets for the purpose of speculation and trading in digital currencies of all kinds.”
To me it can not be any clearer that Iraq is NOT moving towards the CBDC saga. Some idiot intel gurus even say that this is holding up the RV as they want to digitize the dinar first. How stupid can you get? Also these same idiots tell us the Project to Delete the Zeros has been cancelled as they no longer will need the newer lower denominations once they digitize the dinar. So there is no longer a need to look for the project to be conducted even. How stupid is stupid? This of course is all just nonsense and I am proving it to you today.
Here is the full article below from March 29, 2023:
IRAQ CBI: TRADING IN DIGITAL CURRENCIES
We affirm what was stated in our circular No. (125/5/9) on 3/29/2022, in which it was decided to prevent the use of electronic cards and wallets for the purpose of speculation and trading in digital currencies of all kinds, with the necessity of the commitment of all licensed banks and all licensed non-bank financial institutions and all electronic payment companies with the following:
Take all necessary administrative, legal and technical measures to prevent and track such types of transactions and trades.
Educate your customers about the risks and procedures that will be taken against them according to the laws and instructions in force related to these transactions and trades.
Otherwise, all strict legal measures will be taken against your institutions and customers in accordance with the Anti-Money Laundering and Terrorist Financing Law No. (39) of 2015 and the instructions issued thereunder in the event of non-compliance with the above.
Below are yet more articles also from the past as to why they have to delete the zeroes from the dinar. Remember also that months ago the CBI did come out with an announcement that the Project to Delete the Zeros is still on the table. These articles below are the type of articles we would now expect to see, if in fact, they were getting ready to conduct the project now. But we are NOT seeing them why? I do not think they intend to do the project in the coming period. In fact I was told by the CBI they are not!
REASONS TO DELETE THREE ZEROS FROM THE IRAQI DINAR AND WHAT IT MEANS TO DELETE THE ZEROS FROM CURRENCY
Omar Al-Fateh 16/11/12 economy
The reasons for deleting three zeros from the Iraqi dinar and what it means to delete the three zeroes from the Iraqi currency, the fact deleting three zeros from the Iraqi dinar, the official source at the Central Bank of Iraq, said that the beginning of the beginning of 2017, will the central Bey Iraqi deleting three zeros from the currency of Iraq, Finance Committee also announced in parliament that the central bank will start at the beginning of 2017 by deleting three zeros from the local currency, in other words, that the unity of the coin in 1000 dinars from the old currency will be replaced by only one denarius of the new currency, and so on.
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START PROCEDURES TO DELETE THREE ZEROS FROM THE CURRENCY IN 2017
Going on in the minds of many Iraqis that the important question of whether to raise (the zeros from the Iraqi dinar) harm or benefit? Thus why do not we raise the zeros, the official source in the Iraqi Central Bank stressed that the purpose of deleting three zeros from the currency of Iraq is to lift the economy and prosperity to raise support for the dinar, which will be a key reason for the return of Iraq’s economy again in January 2017, the step by Iraq intended to reform the local currency system based on the use of the currency too high denominations, which leads to difficulties in handling and in private transactions accounts, as well as higher prices resulting from the use of monetary units higher categories, which leads to a decline in the currency and declining purchasing power exchange rate the dinar in a big way.
CBI decision to remove three zeros from the Iraqi dinar
Iraqi Central Bank chairman said that the deletion of three zeros from the Iraqi dinar will help in flourishing once again the Iraqi economy and the return of the Iraqi currency traded in international stock markets, the deletion of zeros restore Iraqi currency mind in periods of monetary turmoil and declining public revenues of the state at a time when the expenses increase, resort states often to print more of the local currency, leading to price hikes and the occurrence of high inflation, the need to cross categories with high currencies such as the one thousand and one million one hundred thousand … etc., and with every raise in the denomination as the economy enters the furnace of inflation.
Why delete the three zeroes from the Iraqi dinar
The aim of deleting three zeros from the currency of Iraq is one of the means to control the high inflation is monetary reform, coupled with a change in monetary policy by the old currency high Pfiadtha replacement of a new currency with lower categories so prices tend to decline, but does he have on inflation? The answer is no, because the elimination of inflation is required to follow state moderate monetary policy, an official at the Central Bank of Iraq and stressed that the Iraqi dinar will be the vital currency in global stock markets and the central bank is currently discussing the principles of starting the project and its laws on the beginning of the project of the year 2017 and stressed that the new currency will not have a significant impact on the major currencies, but will raise the Iraqi economy.
https://www.alasemanews.com/44182
From an Egyptian news site …. remember all the trips to and from ….and talks ….with Egypt in articles earlier this year … IMO
Having said all this today there is HOPE is all area of prosperity and abundance. It is all coming be patient.
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