From Safe Internet to Smart Systems" Iraq Enters the Digital Revolution Era with Steady Steps, 28 FEB

 From Safe Internet to Smart Systems" Iraq Enters the Digital Revolution Era with Steady Steps

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that Iraq is moving steadily towards achieving a major digital renaissance, based on a set of foundations that support this trend.

Saleh explained to {Euphrates News} agency, "The most prominent of these foundations is the progress achieved in two types of infrastructure."

He explained that "the first category is represented by the advanced technological infrastructure, whether through secure and strong internet networks or digital payment systems that work effectively and efficiently in parallel with each other."

Saleh continued, "As for the other category, it is the advanced legal infrastructure that provides protection for the rights of users, operators, and the public right against electronic and financial crimes arising from the digital transformation."

He pointed out "the importance of having the ability to keep pace with the developments of digital technology in the virtual world on an ongoing basis," indicating that "the advisory team in the General Secretariat and all relevant Iraqi state institutions are keen to achieve this to ensure that Iraq enters the new digital age."  link

TIDBIT FROM MARKZ, 28 FEB

 MarkZ 

  “Iraq and Switzerland sign double taxation agreement to enhance economic cooperation”  This is very interesting…

They are really going international in actions as well as words. Many contracts being signed with many countries the last few weeks…huge progress for Iraq.

“To arrange the papers with the Americans: The reasons for Al-Kazemi’s return to Baghdad”  This is former prime minister, Al-Kazemi is extremely well versed and well connected in the US and Sudi political systems.

 He is back in Iraq to be a go between/ mediator as they work through all their final agreements with the US, Saudi and the basket of currencies . They have the A-Team in charge and it is getting fun to watch.

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

 

Within hours... the region's oil will be re-exported through SOMO, 28 FEB

  Within hours... the region's oil will be re-exported through SOMO

The Ministry of Oil announced today, Friday, that the coming hours will witness the re-export of Kurdistan Region oil through the State Oil Marketing Company (SOMO).

"Deputy Prime Minister for Energy Affairs and Minister of Oil, Eng. Hayan Abdul-Ghani Al-Sawad, is visiting Khor Al-Zubair port to see the gas pipeline connection operations," she said in a statement.

The minister confirmed, according to the statement, that “Iraq will announce in the coming hours the commencement of the region’s oil export operations through the State Oil Marketing Company (SOMO) via the Turkish port of Ceyhan at an initial rate of 185,000 barrels, gradually increasing to reach the capacity specified in the general federal budget.” link

FIREFLY : We are seriously linked to the world!!, 28 FEB

 Frank26  

[Iraq boots-on-the-ground report]  

FIREFLY:We are seriously linked to the world.  We knew that already but I never heard it come from Alaq.  He's saying it on TV now.  FRANK:  You are right.  Brother I have never seen Alaq tell you you are international.

  And look at the timing.  He's been put away for about 10 days and now Sudani sends him out he tells you you are intentional? 

 Not at 1310...To hear it from the source of where the funds will be coming IMO is rather crucial.  It's crucial to hear this from the CBI directly...

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.