STATUS OF THE RV, PART 2
😊Take a look at the article titled “THE GOVERNMENT IS ACCELERATING DIGITAL TRANSFORMATION. HISTORIC GROWTH IN ELECTRONIC PAYMENTS AND FINANCIAL INCLUSION IN IRAQ.” A government source revealed, on Monday (July 7, 2025), the steps taken by the Iraqi government in the field of developing and promoting electronic payments,
noting that since the Iraqi government assumed its duties more than two and a half years ago, the importance of a strong and effective banking system has become clear to it, as developing electronic payments and increasing financial inclusion in the country are considered among its most prominent features.
😊Then there is also article titled “LOCALIZATION OF PRIVATE SECTOR SALARIES, RAPID PAYMENT, AND COLLECTION… AL-SUDANI ISSUES BANKING DECISIONS. ” The number of bank accounts has reached approximately 20 million, compared to 8 million in 2022, a growth of more than 150%. “the digital transformation rate of Iraqi ministries and institutions has increased to approximately 32%, after it was less than 18% in 2022, with a growth rate of 78%.” “the number of bank cards increased to 21-22 million cards (of all types, including credit, debit, and prepaid), up from 16 million cards in 2022, representing a growth rate of 38%.” “ the number of point-of-sale devices reached approximately 62,000 devices, up from less than 10,000 devices in 2022, representing a growth rate of up to 520%. “data indicates that the financial inclusion rate in Iraq has reached approximately 40%, up from less than 10% in 2019.”
So now we see close to 40- 50% of the population have gone digital. We all know that there are about 47 million Iraqis in Iraq. Remember kids don’t carry debit cards or transact purchases, so Iraq is very close, if not on target. We read articles telling us that they are where they want to be with this digital transformation (or inclusion as they call it). Why else would they tell us this news over and over again? Remember that I told you this is an uphill battle for Iraq as the U.S. is using Iraq to get to Iran. The IMF, World Bank, the UN and many other global entities are telling us Iraq is ready to go global. They support Iraq going global. So why have they now yet reinstated the dinar back on FOREX?
Remember this if nothing else from today’s takeaway: Iraq was freed of all UN Chapter VII sanctions in December of 2022, then shortly afterwards the U.S. slapped on sanctions on major Iraq banks, thus controlling the dollar. Why? The U.S. needed to justify it’s stronghold on Iraq somehow. It just can’t let go, not yet with the Iranian situation looming. But Iraq is fighting back. Let’s see how.
