Friday, March 14, 2025

TIDBIT FROM MNT GOAT, 14 MARCH

 Mnt Goat 

 Article:   “DIGITAL CURRENCY IN IRAQ: CRISIS OF CONFIDENCE.. THE BIGGEST OBSTACLE” Article Quote:

"Al-Sudani’s advisor pointed out that “90% of the monetary mass is outside the banking system, so Iraqi society deals with paper money, and it is unreasonable to immediately switch to digital currency overnight, “  

...a replacement of paper currency by a digital currency is not feasible at this time for Iraq but it will still be pushed in the future...this is a long-term project for Iraq and we will most likely be out of this investment and exchanged already by the time they do it...

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