π¨ BREAKING: CBI Launches Digital Security Platform for Cash Operations
August 2025 | Iraq’s Financial Reform Deepens
π What Happened?
The Central Bank of Iraq (CBI) has launched the second edition of its Digital Security Permits Platform, aimed at securing and organizing:
Cash withdrawals and deposits
Personnel and vehicle clearances for banks
Nationwide enhancement of cash handling security
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Why Now?
Over 80% of Iraq’s cash remains outside the banking system
A secure, centralized process is critical before any major redenomination or revaluation of the Iraqi Dinar
The platform paves the way for massive cash operations that will follow any such monetary changes
π Tech Behind the Reform
Karmal Brokerage will deploy the global ZagTrader platform, managing:
Front, middle, and back-office operations
A secure, efficient, and fully integrated trading environment
π What will they be trading? And why is this being rolled out now?
π§ What It Means
Iraq is moving fast toward full digital banking integration
This new platform is not just about security — it’s a preparatory step for:
Currency redenomination
Potential Dinar revaluation
A broader push toward banking modernization and transparency
“This is about more than safety. It’s a signal that Iraq’s monetary transformation is real — and accelerating.”
π² Follow for Real-Time Updates on the Iraqi Dinar:
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