Wednesday, March 26, 2025
HIS OFFICE: AL-SUDANI DIRECTED TO EXPEDITE THE REFORM PROCESS OF RAFIDAIN AND RASHID BANKS., 27 MARCH
HIS OFFICE: AL-SUDANI DIRECTED TO EXPEDITE THE REFORM PROCESS OF RAFIDAIN AND RASHID BANKS.
Prime Minister Mohammed Shia al-Sudani’s media office stated that the latter “directed the preparation of plans to expedite the reform process of the Rafidain and Rashid banks in accordance with international standards.”
This came during a meeting devoted to following up on the reform measures of Rafidain and Rashid banks, attended by representatives of Ernst & Young. The meeting “witnessed a review of the work stages of the banking reform adopted by the government to restructure and develop Rafidain and Rashid banks, and discussed reconsidering their internal regulations in line with international standards and the objectives of banking reforms. It also discussed the issue of the two banks’ debts and their repayment mechanisms, and the measures taken to train their working cadres. In this regard, Al-Sudani directed the continuation of the reform process for the two banks, and for their managements to develop strategies that contribute to accelerating the reform process.”
The statement said, “The meeting followed up on the procedures for establishing a new bank, Rafidain First Bank, which was approved during the Cabinet session held on January 13th. The bank has a different vision, embracing modern technologies and international standards that will help implement the government’s financial and banking reform objectives, which will have a positive impact on the country’s economic trajectory and development.”
The statement indicated that “Ernst & Young submitted a report in which it reviewed the financial and technical offers for the project to establish the First Rafidain Bank.”
For some time now, US attention has been focused on the state-owned Rafidain Bank, with calls for sanctions against it, describing it as a “window for smuggling dollars to Iran.” However, politicians and academics view the matter with pessimism, particularly since any impact on the bank would create financial tensions within Iraq, given its status as one of the most important government banks.
Earlier, Kurdistan Democratic Party (KDP) MP Sipan Sherwani spoke about what he described as “serious oversight” of Iraqi financial institutions, noting that Rafidain Bank “has not been audited for nine years.”
STATUS OF THE RV, PART 2 BY MNT GOAT, 27 MARCH
STATUS OF THE RV, PART 2
The CBI needs SECURITY and STABILITY:
😊Next, there is an article that helps us better understand what the term “Security” means when the CBI says that Iraq needs “Stability and Security” to conduct the project to delete the zeros.
The article titled “WHAT DOES THE UNITED STATES MEAN BY REAL SECURITY REFORM IN IRAQ?”., WOW! Just in the title of the article alone says they are going to tell us and feel a need to tell us.
The article defines security from the standpoint of the U.S. and after all we, as investors, are looking for the U.S. to sign off on the RV and to let it go, right? So, is this important to know?
This article says it all, just in case you are not clear on these terms. In the article it talks about the complex security situation in Iraq and how it is a natural consequence of any country facing occupation, as it becomes a hub and haven for various armed and extremist organizations with deviant ideologies, which in turn leads to a state of security instability. Although the United States views the presence of its forces in Iraq as part of its national security strategy, any security issue related to Iraq inevitably overlaps with this presence. So, can we all agree then on President’s Trumps policy to “secure” Iraq by getting rid of these extreme groups from inside Iraq, especially the leftover Iranian militia? Should we be monitoring this progress then as pivotal progress to see the RV event someday? We must not take these nuggets of information lightly. These articles all paint the picture on our intel pallet. The only question is are be listening and aware?
😊You might also want to take a peek at the articles titled “BAGHDAD IS OFFICIALLY OUTSIDE THE “AXIS OF RESISTANCE”…AND THE US WANTS “ZERO IRAN” IN IRAQ”, and also “SOURCES: QAANI WARNED IRAQI FACTIONS AGAINST “PROVOKING THE AMERICANS”. This information is alsoall about security for Iraq. Opps three articles on this subject matter. This must be important.
OUTCOMES OF THE SUDANESE MEETING ON REFORMING THE RAFIDAIN AND RASHID BANKS , 27 MARCH
OUTCOMES OF THE SUDANESE MEETING ON REFORMING THE RAFIDAIN AND RASHID BANKS
Prime Minister Mohammed Shia al-Sudani chaired a meeting on Sunday to follow up on reform measures for the Rafidain and Rashid banks, with representatives from Ernst & Young in attendance.
The meeting reviewed the progress of the banking reform process adopted by the government to restructure and develop Rafidain and Rashid banks, and discussed revising their internal regulations to be in line with international standards and the objectives of banking reforms. It also discussed the debts of the two banks and their repayment mechanisms, as well as the measures taken to train their staff. In this regard, the Prime Minister directed the continuation of the reform process for the two banks, and for their administrations to develop strategies that contribute to accelerating the reform process.
The meeting also followed up on the procedures for establishing a new bank, Rafidain First Bank, which was approved during the Cabinet session held on January 13. The bank’s vision is to adopt modern technologies and international standards that will help implement the government’s financial and banking reform objectives, which will have a positive impact on the country’s economic trajectory and development.
Ernst & Young submitted a report reviewing the financial and technical offers for the project to establish the First Rafidain Bank.
STATUS OF THE RV, PART. 1 BY MNT GOAT, 27 MARCH
STATUS OF THE RV
I want to welcome everyone to Spring! This is one of my favorite times of the year, as we see a new growth and a fresh start. I was just sitting up on the mountain today as I hiked up to enjoy the warmer spring weather and listen to the sounds of gushing water flowing down from the melting snows above.
It has been a long time since I perched on my favorite rock to view the valley below. I was thinking how spring this year will bring a rebirth in many ways to us all. Are you praying for your nation?
Are you praying for the Glory of God for his prosperity and abundance He is about to bring us? Yes, it is coming, but on His terms not ours.
If we carefully pay attention to the changes taking place n our nations, we can see God is going to rid us of these global elites and their nasty ideology for the world. It was designed to enslave us more and more over time. Many will say – but look at all the nice things we have, nice homes, cars and still lots of food in the grocery stores.
But these “nice things” are in spite of their attacks to suppress us. Many of these “nice things”, if they had their way will be dissolved and dismantled. Shortages and suffering is how they plan to control us. We already see it now, as try to push their agenda on us. They say the U.S. has had it too good for too long.
Really? This is the swamp talking Marxist Communists ideology. I don’t even care anymore if we are the most wasteful society. At least we have plenty to waste, get it? Is the glass half empty or half full? Seems the communists want you too believe their empty glass thinking is the way to go.
The news today is all very good and still moving in the direction we need for the RV and reinstatement to happen. Today we get answers to yet more of what we asked when we first heard of this digital dinar effort. We also get more clarity on some terms the CBI has been using.
- Will cash paper dinar coincide with the digital dinar?
If we read the article titled “RAFIDAIN BANK DEPLOYS ATMS AT 5 STATIONS IN BAGHDAD”. Rafidain Bank announced last Friday, the deployment of ATMs at five stations in Baghdad. Why would they deploy yet more ATMs now. Don’t forget also the hundreds of ATMs deployed throughout Iraq in the past. Why would they do this if not still expecting to use cash at some level.
“Rafidain Bank announced the deployment of automated teller machines (ATMs) at a number of stations, allowing customers to conduct withdrawals and depositseasily and safely around the clock, and without any commission.” It was added,
“This step comes as part of a strategy to expand the scope of digital banking services, contributing to the integration of more individuals into the banking system and enabling them to benefit from modern financial solutions without the need to visit traditional branches.”
But why not just use the digital wallets to conduct basic transfers and payments from their cell phones? So, now we see the ATMs would only be needed if there is still a need for cash.
In my last conversation with my CBI contact I was told that initially the digital dinar is to be implemented mainly for international transactions abroad to other Central Banks.
The data center to manage it is now being designed and will be constructed very soon. So this is not years away. The need for it NOW is to kill the parallel market but most importantly to “introduce” the Iraqi dinar, if even a digital dinar, to the rest of the world.
They are going to push the digital dinar as the safest currency in the world. My contact told me to watch for these news articles to push this idea out to the rest of the world, beyond the middle east.
Also don’t forget that Iraq plans to do major trading with the European Union (EU) and the EU is planning to roll out their digital EURO October 2025. So this is going to be interesting. Please get this excessive compulsive thoughts of an RV today or tomorrow. Instead just sit back and watch the drama. Yes, watch it all play out. This show is actually amazing to watch.
2. Will they still exchange out the three zero notes to the new lower denominations?
😊I firmly believe this project will still take place. When they tell us that the digital dinar will eliminate expenses of printing currency they are talking mainly about the large sums of paper dinars that would have to be transported outside of Iraq to pay their bills for imports.
Remember the economy of Iraq is expanding and huge sums will be moved around to meet the needs of rebuilding Iraq and operating their economy. Customs and Tariffs along will rival the oil revenues. But they have to geta grip on these funds and have them paid to the Federal government general fund if this is to be successful.
In an article today titled “PARLIAMENTARY WARNING OF THE REPERCUSSIONS OF DELAYING NON-OIL REVENUES ON THE IRAQI ECONOMY” we learn that the Parliamentary Economic Committee called on all ministries to expedite the payment of their non-oil revenues to the Ministry of Finance, while warning of the repercussions of continued delays on the national economy and the financial pressures that could affect the implementation of development plans.
So, we see that this revenue is collected by the provinces but held up from the Federal Treasury. There is still work to be done to organize and funnel this money forward to be successful.
Remember also the CBI told us that our large three zero notes will remain in circulation but only used at the banks for “inter-banking” transactions between countries and banks. So this is what I believe this meant in the articles.
Next, I want to address another issue that seems to bubble up from many of these intel gurus out there on the internet. It's about the Oil and Gas Law. I have to tell everyone that this law is NOT all about oil revenue sharing to the citizens, as many believe.
Instead it is a law to be put in place to govern how oil in general will be managed in Iraq. Remember it is now still 90% of the revenues. So, to finally suppress all this intel guru nonsense on this matter Iraq finally talks more about this revenue sharing in the article titled “DISTRIBUTING OIL REVENUES TO IRAQIS: “ECONOMIC COLLAPSE INEVITABLE WITHIN TWO YEARS“.
This controversy is escalating in Iraq over lawsuits filed by citizens demanding their share of oil revenues. An expert has warned of the disastrous economic consequences of such demands at this time. Go read the rest of the article for yourself if you don’t believe me.
I want to remind everyone too of what I told you years ago on this subject matter. This revenue sharing can only happen once the economy is stable and these other sources of revenues rival the oil revenues.
Iraq also will need its current revenues to rebuild still war torn parts of Iraq and work on these industrial cities and silk road projects. Will oil profit sharing happen?
Yes, I believe it will happen someday but for someone gathering and learning about the RV I would not place my time of concentration on this event as a trigger for the RV. Yes, how silly is this. This article backs me up too. But it also shows this revenue sharing is real but just not now.
CENTRAL BANK: DIGITAL CURRENCY REDUCES CASH FLOW OUTSIDE BANKS, 26 MARCH
CENTRAL BANK: DIGITAL CURRENCY REDUCES CASH FLOW OUTSIDE BANKS
On Thursday, March 20, 2025, the Governor of the Central Bank of Iraq, Ali Al-Alaq, described digital currency as “limiting the flow of cash outside banks.” He also spoke of a plan to establish a data center that would serve as a foundation for digital transformation.
The Iraqi government faces challenges in managing dinar liquidity, as it suffers from a chronic shortage of this currency, affecting its ability to meet its financial obligations to pay employee salaries, repay debts, and finance projects.
Al-Alaq said in a press statement followed by Al-Jabal, “Financial technologies are developing rapidly, in line with the requirements of the financial and banking sector in terms of speed, accuracy, and economic efficiency, in addition to transparency and oversight. The reality of the digital revolution is imposing itself on all sectors, including the financial and banking sector, which stands to benefit most from the major transformations taking place.”
He added, “Digital currency can serve many purposes, limiting the flow of cash outside banks and achieving a high degree of transparency, as funds can be tracked, whether in consumption, investment, savings, or even in legitimate and illegitimate businesses. It also provides important databases for analytical purposes, not just for the movement of paper money. In addition, digital currency offers economies of scal e, including the ability to print and track currency.”
Al-Alaq explained, “We have begun taking steps in coordination with international organizations to review initial experiments in the digital currency file, which we do not wish to delay.” He noted, “There are existing experiments in some countries in the region, and we are also following up with the Arab Monetary Fund to develop appropriate steps in this direction, and what is required is infrastructure.”
He continued, “The Central Bank possesses advanced infrastructure. The new bank building houses a sophisticated data center, and we are working to establish a data center that will represent a successful foundation for digital transformation.”
The Central Bank of Iraq previously announced its move to issue a digital currency as an alternative to paper currency, a shift that could reshape the payments landscape and the national economy entirely.
This move comes in response to “increasing challenges in managing traditional cash,” amid a global trend toward financial digitization.
Al-Alaq said, “The financial and banking system will witness fundamental transformations, including the decline of paper currencies and their replacement by digital payments by central banks.” He explained that “the Central Bank is moving to create its own digital currency to gradually replace paper transactions, as is happening at some central banks around the world.
MNT GOAT : "RAFIDAIN BANK DEPLOYS ATMS AT 5 STATIONS IN BAGHDAD" - "CENTRAL BANK: DIGITAL CURRENCY REDUCES CASH FLOW OUTSIDE BANKS", 26 MRCH
MNT GOAT
"RAFIDAIN BANK DEPLOYS ATMS AT 5 STATIONS IN BAGHDAD" - "CENTRAL BANK: DIGITAL CURRENCY REDUCES CASH FLOW OUTSIDE BANKS"
(Full articles in the articles section) "Rafidain Bank announced today, Friday, the deployment of ATMs at five stations in Baghdad". "This step comes as part of a strategy to expand the scope of digital banking services, contributing to the integration of more individuals into the banking system and enabling them to benefit from modern financial solutions without the need to visit traditional
branches." On Thursday, March 20, 2025, the Governor of the Central Bank of Iraq, Ali Al-Alaq, described digital currency as "limiting the flow of cash outside banks." He also spoke of a plan to
establish a data center that would serve as a foundation for digital transformation. In this period of news from Iraq we find that paper cash dinars will coincide with the digital dinar on a limited basis. It appears the digital dinar is mainly for international transactions of imports for now. This move is hoped to get the dinar readily accepted by all Central Banks outside Iraq. They also told us this will end the parallel market. Is this not what we need for a
reinstatement? Yes, stability of the currency at this level.
Let's explore all this today and more.... Choo... Choo...Choo... Choo...
Their words not mine.....
SUDANESE ADVISOR: DIGITAL TRANSFORMATION OF THE NATIONAL CURRENCY IS A STEP TOWARDS FINANCIAL SYSTEM STABILITY., 26 MARCH
SUDANESE ADVISOR: DIGITAL TRANSFORMATION OF THE NATIONAL CURRENCY IS A STEP TOWARDS FINANCIAL SYSTEM STABILITY.
The Prime Minister’s Advisor, Mazhar Mohammed Saleh, stated on Thursday that the digital transformation of the national currency is an important step towards enhancing the stability of the national financial system.
In a statement to Al-Sa’a Network, Saleh stated that “the digital transformation of the national currency represents a stable and transparent payment instrument that contributes to improving the efficiency of the national economic system .”
He explained that “digital currency differs from paper currency only in terms of improved transaction speed and system quality, which reduces costs and provides greater control over payment flows .”
He added that “this transformation provides the Central Bank with a greater opportunity to implement its regulatory and supervisory policies, while ensuring high confidentiality in citizens’ financial transactions.” He noted that “the digital currency will become part of global payment systems while maintaining its exchange value as paper currency,” in addition to its “role in settling payments and transferring funds into foreign currencies in a transparent manner .”
He stressed that “this step will contribute to enhancing financial inclusion, especially for the most vulnerable segments of society, by facilitating their access to the banking system, and that digital transformation contributes to combating financial crimes such as money laundering .”
He explained that “Iraq will gradually enter the era of digital financial technology, in cooperation with the global financial and technical community,” noting that “this process requires two basic conditions: a high level of digital monetary culture among the public, and an advanced infrastructure, both electronically and legally .”
He pointed out that “the exchange rate system in Iraq, for more than six decades, has been based on pegging the Iraqi dinar to the US dollar,” stressing that “the transition to the digital dinar will not affect the value of transactions or financial transfers .”
DINAR REVALUATION REPORT: WHY IRAQ MUST DO IMMEDIATE ACTIONS REGARDING NON OIL REVENUES INITIATIVES?: IRAQ NEEDS AN ECONOMY STABLE , 26 MARCH
Parliamentary Statement on the Repercussions of Delaying Non-Oil Revenue Generation on the Iraqi Economy
To: The Government of Iraq, Ministry of Finance, and Relevant Economic Authorities
Subject: Immediate Action Required to Address the Risks of Delaying Non-Oil Revenue Initiatives
Introduction:
The Iraqi economy has historically been overly reliant on oil revenues, which, though significant, have proven to be volatile and susceptible to fluctuations in global oil prices.
This over-reliance has made Iraq vulnerable to economic shocks, as evidenced by the financial crises triggered by declining oil prices. In light of these challenges, it is crucial for Iraq to diversify its sources of revenue, particularly through robust non-oil revenue initiatives.
Warning:
The delay in developing and implementing non-oil revenue streams is a matter of urgent concern. The Iraqi Parliament hereby issues a warning regarding the severe repercussions this delay will have on the economic stability and growth of Iraq in the medium and long term.
Economic Dependence on Oil: The Iraqi economy's overwhelming reliance on oil has placed it at significant risk during times of price fluctuations. Failure to diversify revenue sources not only exposes the country to global market volatility but also undermines the long-term sustainability of public finances.
A continued delay in the implementation of non-oil revenues will exacerbate this dependency and stifle the country’s ability to withstand future economic downturns.
Fiscal Deficits and Budget Shortfalls: With the continued volatility of global oil markets, the failure to generate alternative revenue streams will likely lead to increased fiscal deficits and growing budget shortfalls. This may force the government to resort to borrowing or print more money, potentially fueling inflation and devaluing the Iraqi dinar. Such financial instability is detrimental to the economic health of the nation.
Impact on Public Services and Infrastructure Development: Delays in non-oil revenue generation will further strain Iraq's public services, including education, healthcare, and infrastructure development. The lack of reliable revenue sources will hinder the government's ability to invest in vital public projects and meet the growing needs of the Iraqi population, particularly in areas impacted by conflict and underdevelopment.
Increased Unemployment and Economic Stagnation: A stagnant economy resulting from a lack of diversified revenue sources can exacerbate unemployment rates, especially among young people and graduates. The failure to stimulate the non-oil sectors, such as agriculture, industry, tourism, and technology, will continue to limit opportunities for job creation and hinder the overall development of a diversified economy.
Loss of Investor Confidence: Investors and international financial institutions closely monitor the diversification efforts of emerging economies. The lack of concrete measures to tap into non-oil revenue sources can negatively impact investor confidence in Iraq’s economic potential. This can lead to a reduction in foreign investment and hinder economic growth prospects.
Recommendations:
The Iraqi Parliament calls for the immediate adoption of a comprehensive strategy to develop and enhance non-oil revenue sources. This includes:
Strengthening Taxation Systems: Implementing reforms in the taxation system to increase non-oil tax revenues, such as income taxes, value-added taxes, and corporate taxes.
Developing the Private Sector: Encouraging investment in sectors outside of oil, including agriculture, manufacturing, and services, to create jobs and boost economic output.
Promoting Tourism and Heritage Sites: Developing Iraq's tourism sector by leveraging its rich history and cultural heritage, which can generate significant revenue if managed effectively.
Improving Trade and Customs Systems: Enhancing trade facilitation measures and improving customs administration to increase revenues from imports and exports.
Diversifying State-Owned Enterprises: Privatizing or restructuring state-owned enterprises to reduce inefficiency and improve their contribution to the economy.
Conclusion:
The Iraqi Parliament stresses that the economic stability of the country depends on timely action to reduce its reliance on oil revenues.
Delaying efforts to generate non-oil revenues will only prolong Iraq's financial vulnerability, economic stagnation, and hinder the country's long-term growth prospects.
The Parliament urges the government and relevant authorities to prioritize the swift implementation of non-oil revenue generation strategies in order to secure a sustainable and diversified economic future for Iraq.
CENTRAL BANK GOVERNOR: WE ARE WORKING TO ESTABLISH A DATA CENTER THAT WILL BE A SUCCESS FACTOR FOR DIGITAL TRANSFORMATION, 26 MARCH
CENTRAL BANK GOVERNOR: WE ARE WORKING TO ESTABLISH A DATA CENTER THAT WILL BE A SUCCESS FACTOR FOR DIGITAL TRANSFORMATION
The Governor of the Central Bank of Iraq, Ali Al-Alaq, confirmed on Thursday that the digital currency the bank intends to launch will enhance transparency and limit the flow of cash out of banks. He also revealed plans to establish a data center that will serve as a successful foundation for digital transformation.
Al-Alaq told the Iraqi News Agency (INA): “Financial technologies are developing rapidly, in line with the requirements of the financial and banking sector in terms of speed, accuracy, and economic efficiency, in addition to transparency and oversight. The reality of the digital revolution is imposing itself on all sectors, including the financial and banking sector, which stands to benefit most from the major transformations taking place.”
He added, “Digital currency can serve many purposes, limit the flow of cash outside banks, and achieve a high degree of transparency, as funds can be tracked,
whether in the areas of consumption, investment, savings, or even in legitimate and illegitimate businesses. It also provides important databases for analysis purposes, not just for the movement of paper money, in addition to the economics that digital currency offers through printing and tracking currency.”
Al-Alaq confirmed that “we have begun taking steps in coordination with international organizations to review initial experiments in the digital currency file, which we do not wish to be late in,” explaining that “there are existing experiments in some countries in the region, and we are also following up with the Arab Monetary Fund to develop appropriate steps in this direction, and what is required is infrastructure.”
He continued, “The Central Bank possesses advanced infrastructure. The new bank building houses a sophisticated data center, and we are working to establish a data center that will represent a successful foundation for digital transformation.”
Jon Dowling : The SEC is down for the count! , 26 MARCH
Jon Dowling
The SEC is down for the count!
Now that XRP is finally set free, watch the price go between $15-30 to start, then it’s off to the races!
Next up: Velo is the way to go!
With Ukraine/Russia getting a peace deal done, the Middle East between Iraq and Iran is next. Then Trump and Xi meet as Taiwan fins up with Vietnam being positively affected. Finally Israel is being saved for last.
The next two weeks will be absolutely massive! What if they named April fools day that name, in order to fool us into thinking that was a joke day instead of what it really is, as the correct New Year’s Day on the right calendar and consequently the new fiscal year for the Middle East? No coincidences as usual.👀📈✅
RAFIDAIN BANK DEPLOYS ATMS AT 5 STATIONS IN BAGHDAD WITH COMMENTS OF MNT GOAT, 26 MARCH
RAFIDAIN BANK DEPLOYS ATMS AT 5 STATIONS IN BAGHDAD
Rafidain Bank announced today, Friday, the deployment of ATMs at five stations in Baghdad.
In a statement received by Al-Maalouma Agency, the bank stated that “as part of its ongoing efforts to enhance financial inclusion and facilitate access to banking services to various segments of society, Rafidain Bank announced the deployment of automated teller machines (ATMs) at a number of stations, allowing customers to conduct withdrawals and deposits easily and safely around the clock, and without any commission.”
He added, “This step comes as part of a strategy to expand the scope of digital banking services, contributing to the integration of more individuals into the banking system and enabling them to benefit from modern financial solutions without the need to visit traditional branches.”
The bank affirmed its commitment to “developing its banking infrastructure and deploying more ATMs in various areas, including malls and commercial centers, to ensure the provision of more efficient financial services and achieve the bank’s vision of promoting financial inclusion and offering innovative banking solutions that meet the needs of all citizens.”
He added, “This service can now be accessed through the devices available 24 hours a day at the following stations:
• Station No. 13 – Al-Bayaa
• Station No. 14 – Al-Amiriya / Popular Work Street
• Station No. 18 – Al-Saydiyah
• Station No. 19 – Al-Hussein neighborhood
• Station No. 20 – Al-Jihad neighborhood.
The bank affirmed its continued development of its digital services, enhancing access to financial solutions and supporting the transition to a more inclusive and innovative digital economy.
(So, here is the article we were waiting for. Why in hell would they deploy yet more ATMs if they were not going to have CASH paper currency along with the digital dinar? Why not just use the digital wallet to conduct banking transactions outside the banks? Why the necessity for ATMs? Just asking? Remember also they told us that the ATMs will play a “pivotal role” in the Project to Delete the Zeros.)
MR. POOL : Tier4b activation has begun. , 26 MARCH
Mon. 24 March Mr. Pool: Tier4b activation has begun.
Final e*******n underway. The wait is over. The first notifications will be given today Mon. 24 March and tomorrow Tues. 25 March.
- The global financial system is in the midst of transition. Major banking institutions in Zurich, Reno, and Hong Kong have entered their final liquidity phase. Key sources confirm that notifications are being sent right now. This is not speculation, IT IS HAPPENING NOW!
- BREAKING NEWS: HISTORIC MOVES UNDERWAY! Multiple sources report that high-value transactions are being cleared through the QFS, ensuring large-scale liquidity deployment across multiple levels. Private banking sources confirm that funds are being transferred to designated accounts. This is the FINAL STAGE before public launch!
- URGENT: BANK SCREENS NOW DISPLAYING LIVE TRADING RATES!
IQD: $9.35 – Already ACTIVATED on internal banking platforms!
VND: $5.89 – Surpassing projected levels!
ZIM: Processing – Elite groups already RECEIVING!
- PRIVATE JETS LANDING – HIGH-LEVEL TRANSACTIONS CONFIRMED!
- Military and government agents have arrived in Reno and Hong Kong. Elite banking officials are being escorted under security protocols; something historic is happening.
- THE NEXT 6-12 HOURS ARE CRUCIAL! The D********e C***l has lost control: desperate moves are being halted in real time. The new gold-backed financial system IS HERE. This is global economic liberation in ACTION. THE FINAL SWITCH IS FLIPPING! BE PREPARED! Keep an eye on your inbox. Once this process is complete, NOTHING CAN STOP IT. …MR. Pool
Iraq Confronts Economic Crises With Digital Dinar, Parallel Market Threatened With Extinction, 26 MARCH
Iraq Confronts Economic Crises With Digital Dinar, Parallel Market Threatened With Extinction
Reports Economy News – Baghdad The Central Bank of Iraq is preparing to launch the digital dinar,
marking the transition to digital currency management. The digital dinar is a digital currency issued by the central bank, officially part of a country's monetary system.
It is similar in value to the traditional dinar, but is traded electronically via digital wallets or approved financial applications.
It
facilitates instant money transfers within the country or across borders,
reduces the logistical burden of issuing paper or metal currency, and
enables broader segments of society to access digital financial services.
This project comes in light of the
significant economic challenges facing Iraq, such as its
heavy reliance on paper money and the phenomenon of
hoarding.
The digital dinar aims to address these challenges by providing a safe and effective digital alternative to paper money.
Central Bank Governor Ali Al-Alaq had previously stated during a speech he delivered at the Finance and Banking Conference and Exhibition that
"the financial and banking system will witness fundamental transformations, including the
decline of paper currencies and their
replacement by digital payments for central banks." He explained that
"the Central Bank is moving to create its own digital currency, which will gradually replace paper transactions, as is the case with some central banks around the world."
Mazhar Saleh Mohammed, the Prime Minister's advisor for financial and banking affairs and former deputy governor of the Central Bank,
highlighted the
importance of the digital dinar and
its relationship to the dollar exchange rate in local markets.
Speaking to Al-Eqtisad News, Mohammed emphasized that the
digital dinar is a global trend in the development of payment systems, particularly in the description of monetary units that will acquire digital rights bearing the same legal force issued by the monetary authority as banknotes in the discharge of debts, as
they are units of
account,
exchange, and
storage of value
within the digital economic community and via a highly sophisticated, rapid, and accurate information system.
He added that these monetary units will be used with
high transparency to
cover various real transactions of goods and services, as well as to
settle small and large obligations. He noted that
all exchange transactions will be transparently recorded between traders, up
to the point of purchasing a loaf of bread, under the supervision of the monetary authority, thus
ending the ambiguous or illegal uses of money once and for all.
Regarding the digital dinar's relationship to exchange rates,
Al-Sudani's advisor explained that the
official exchange rate will be the prevailing and sole rate, the digital exchange rate adopted by monetary policy.
The parallel market will disappear in its current form, as
it is difficult to invent a secondary digital market whose operations operate outside the control of the digital monetary authority. However,
usurious digital markets may emerge among the same traders. He pointed out that the
digital cash system provides the banking system with sufficient digital cash liquidity to grant loans without the risk of liquidity risk within banking markets.
This
encourages investors to borrow easily,
increases economic growth levels, and
promotes sustainable development. It also
facilitates access to global digital exchanges for global payments and settlements.
"Introducing digital currency requires two things," according to the Prime Minister's advisor. He explained that the
first is a high level of public awareness of the digital monetary system, while the
second is the availability of an advanced information, communications, and data technology infrastructure that evolves continuously over time. He pointed to the
need for a legal infrastructure to protect digital currency transactions, particularly in
protecting the rights of users to their income and wealth, which
cybersecurity provides against any dangerous digital breaches.
Many questions are being raised about the digital dinar and its differences from cryptocurrencies, which economic expert Ziad Al-Hashemi answers. Al-Hashemi points to
a "significant difference" between digital currencies and cryptocurrencies:
"The former are issued and regulated by central banks, such as the digital dollar and the digital dirham, while
cryptocurrencies such as Bitcoin are not subject to any official authority and
their value depends on supply and demand, making them highly volatile." He stated that
if the Central Bank of Iraq issues the digital dinar,
it will be the sole entity
controlling the issuance and distribution of the digital currency,
facilitating oversight and
preventing financial crimes,
unlike cryptocurrencies, which operate on a decentralized system that is difficult to control. He pointed out that the
digital dinar will be fully backed by the central bank and have a relatively stable value, similar to paper currency.
However, it will be
traded electronically only through bank accounts and wallets, contributing to
reducing the use of paper money,
achieving financial inclusion, and
reducing reliance on the dollar in daily transactions. Al-Hashemi noted that the
primary goal of this step is to eliminate the phenomenon of cash hoarding, whereby citizens hold large sums of money outside banks due to lack of confidence in the banking system.
This hinders the flow of funds and negatively impacts economic activity.
If the project implemented well, the
digital dinar could help
disburse hoarded liquidity and
stimulate lending and credit.
views 1872 Added 03/17/2025 - 10:31 AM
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WALKINGSTICK: How else is America going to get repaid?, 26 MARCH
Walkingstick
Before EID you don't want to do anything. Because before EID is Ramadan.
Ramadan is holy time but during EID or just before EID, wow! That would give them something to celebrate about don't you think!?
You don't celebrate during the holy days, during Ramadan.
Trump is getting Iraq to repay America in the same way he's getting every nation that has abused us to repay us back, from NATO countries to Iraq...
Trump has always wanted a fair deal whether it be with him selling his buildings or him as a president with our American dollar.
Iran and Iraq owe the United States of America a lot of money...I can see it in Trump's actions, the monetary reform is the #1 thing for him right now. How else is America going to get repaid?
Iraq will disrupt official working hours throughout the next week, 26 MARCH
Iraq will disrupt official working hours throughout the next week
Economy News — Baghdad
The Council of Ministers decided, on Tuesday, to suspend official working hours throughout the next week on the occasion of the blessed Eid al-Fitr.
The Media Office of the Prime Minister said in a statement received by “Economy News” that “the Council of Ministers decides to suspend official working hours throughout the next week on the occasion of the blessed Eid al-Fitr.
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