AJ : 🔥This EXPLAINS why BUDGET TABLES DELAYS!! ‪@DINARREVALUATION‬ #iraqidinarinvestor

 

CBI: Digital Payments to replace Physical Currency, 28 FEB

 CBI: Digital Payments to replace Physical Currency

By John Lee.

In his speech to a conference in Baghdad, Ali Mohsen Al-Allaq, Governor of the Central Bank of Iraq (CBI), highlighted significant progress in digital payments, citing an increase in ATMs and e-wallets, which helped boost financial inclusion to 40% from 20% in just two years, supported by CBI initiatives.

He noted that Iraqi banks are undergoing major transformations, adopting internationally accredited financial systems to enhance cross-currency transactions and banking operations. Looking ahead, he envisioned banks shifting from traditional entities to smart digital platforms, issuing digital financial identities to facilitate seamless transactions.

Al-Allaq also stated that cash transactions will gradually decline, with digital payments issued by central banks replacing physical currency. CBI is actively working on launching its own digital currency, mirroring global trends. Additionally, Iraq is planning to establish a national data center, critical for digital economy growth, AI applications, and big data analysis.

He called for a comprehensive national strategy to accelerate Iraq’s digital transformation.

MIKE BARA UPDATE, 28 FEB

 MIKE BARA

Thursday Morning Update: Bond holders continue cashing out in Zurich and Reno. Confirmed. I believe these are Tier 4a whales. Gold assets have been paid.

 Bond assets are BEING PAID. Appointments have been set for currency exchanges for Tier 4a. NO CURRENCY HAS BEEN REDEEMED YET. 

Further updates tomorrow at 1PM eastern on Rumble. We will be joined by special guest Matt from the CBD Gurus!

FIREFLY: Our national resources will rise in value...That's basically talking about the dinar.!!

 

Kurdistan banks will take their share of sanctions. Economic shows the reasons, 28 FEB

Kurdistan banks will take their share of sanctions. Economic shows the reasons

Baghdad Today – Baghdad

The economic expert Hividar Shaaban, on Thursday (February 27, 2025), said the reasons for imposing US sanctions on a number of banks in the Kurdistan Region.

Shaaban said in an interview with “Baghdad Today” that “within the framework of coordination between the US Treasury Department and the Central Bank of Iraq, sanctions will be imposed on banks in the region, including banks participating in the Hassabi project for the salaries of employees in Kurdistan.”

“This process is to control currency smuggling in some banks in the region, control money laundering, illegal transactions, and the process of structural regulation of banks,” he added.

Earlier this February, two informed sources said that the Central Bank of Iraq will prevent local banks from dealing in dollars.

Reuters quoted the sources as saying: “The Central Bank of Iraq will prevent 5 local banks from dealing with dollars at the request of the US Treasury.”

“Three payment service companies will be banned from dealing in dollars according to the request of the US Treasury,” the sources added.

They pointed out that “America submitted its request due to serious monetary violations and smuggling of the dollar out of the country.”

https://baghdadtoday.news/268804-مصارف-كردستان-ستأخذ-نصيبها-من-العقوبات.-اقتصادي-يبين-الأسباب.html

Walkingstick : Iraqi Bank friend Aki update!!, 28 FEB

 Walkingstick

  [Iraqi Bank friend Aki update]

 Very early in the morning Aki will be part of a large meeting that will be broadcast to all the CBI banks, even all the private banks, financial institutions that have been working on the monetary reform with the CBI and the US Treasury...with the CBI. 

 It will go for two days, Thursday and Friday.  

More than likely one day will deal with banks, exchange rate, currency, monetary reform and the other day will deal with the international status of Iraq.