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

 

The Digital Currency To Be Launched In Iraq ... Between Economic Opportunities And Potential Risks,, 2 MARCH

 The Digital Currency To Be Launched In Iraq ... Between Economic Opportunities And Potential Risks

 
Economy ​ Yesterday, 16:12 |  Baghdad today – Baghdad  The specialist in the international economic affairs, Nawar Al -Saadi, revealed today, Thursday (27 February 2025), the importance of the Central Bank of Iraq to launch its own digital currency.
 
Al -Saadi told "Baghdad Today" that "economically, this step carries great benefits,  
but at the same time it involves challenges and risks that must be dealt with with caution." He indicated,
 
"The importance of this step lies in several aspects, most notably that
 
     it provides a more efficient and transparent electronic payment method, which
     reduces dependence on paper criticism and
     limits the informal economy." 

He continued,  "The digital currency of the central bank can contribute to
 
     reducing the costs of printing and
     managing the paper currency, and
     improving monitoring of cash flows, which contributes to
     fighting corruption and money laundering."

 He added, "Nevertheless, this step is not without risks, especially in light of the challenges facing the Iraqi financial system," noting that "the most prominent concerns, the possibility of using the digital currency in smuggling operations,  especially if there are no strict mechanisms to control digital transactions, and  Iraq is already suffering from challenges in controlling transfer of money through informal channels, and  any weakness in the management of the digital currency may lead to exploitation before Legal. 

Al -Saadi also warned that  "there are risks related to cash stability, as  
the rapid shift to the digital currency may lead to pressure on the traditional banking system, 
especially if the banks are not technically and practically prepared for this change, moreover, 
any security or technical defect in the digital infrastructure may make the financial system more vulnerable to electronic or piracy attacks."
 
The specialist in the international economic affairs pointed out that 
"in order to ensure the success of this step,  it is necessary for the central bank to
 
     follow a deliberate policy to implement it gradually,
     with a clear legal framework to regulate the use of digital currency," stressing "the need to
 
     enhance the digital banking infrastructure and
     ensure the readiness of the financial system to accommodate this transformation without affecting economic stability, and
 
if this policy is applied with caution and transparency, the  
digital currency can form The Central Bank has an effective tool to
 
     enhance the Iraqi economy and
     push it towards more modernity and  financial openness. "
 
The Governor of the Central Bank, Ali Al -Alaq, revealed earlier on Wednesday,  
the approach to the establishment of a bank digital currency, to replace paper currencies.
 
Al-Alaq said, in a speech during the Ninth Finance and Banking Conference and Exhibition, and followed by "Baghdad Today", that "the financial and banking system will witness fundamental transformations,
 
including the decline of paper currencies to be replaced by digital payments for central banks." He added that  "the central bank is moving to create a digital currency of its own,  
to gradually replace the paper process as it is taking place in some central banks in the world," noting that "we are seriously thinking about establishing a data center in Iraq, and the bank starts moving in this matter within the steps of digital transformation."  
  
https://baghdadtoday.news/268817-العملة-الرقمية-المزمع-اطلاقها-في-العراق.-بين-الفرص-الاقتصادية-والمخاطر-المحتملة.html 

NEWS ROOM CC HIGHLIGHTS WITH CHELA, 2 MARCH

 NEWS ROOM CC HIGHLIGHTS WITH CHELA

The Future of Iraq: A Comprehensive Analysis of Economic and Political Developments

Introduction

In this chapter, we explore the significant developments surrounding Iraq as it seeks to re-establish its presence on the global stage. This analysis will delve into various aspects, including the oil sector, financial reforms, and the evolving geopolitical landscape. Iraq’s attempts to stabilize its economy and diversify beyond oil are critical, not only for its own citizens but also for global energy prices and political dynamics. Key terms such as Kurdistan’s oil exports, digital ration cards, and the dinar will be highlighted to underscore their importance in understanding Iraq’s trajectory.

The Oil Sector and Geopolitical Context

• Kurdistan’s Oil Exports Resumption: Following a pipeline shutdown, Kurdistan’s oil exports have resumed, potentially injecting billions into the Iraqi economy. The closure previously cost Iraq an estimated $27 billion, emphasizing the financial stakes involved.

• Geopolitical Implications: The revival of oil exports is not only a financial matter but also a geopolitical one, involving years of legal disputes between Baghdad and Erbil. The delicate balance of power and cooperation between these regions is crucial for stability.

• Global Energy Prices: A stable Iraq with a robust oil sector may lead to more stable energy prices worldwide, linking Iraq’s economic condition to global markets.

Financial Reforms and Global Integration

• National Bank of Iraq: The National Bank of Iraq received a City Bank Excellence Award for its remittance services, signaling progress in integrating into the global financial system. However, the Iraqi Bank for Trade has imposed restrictions on cash withdrawals abroad to combat currency smuggling, highlighting the complexity of financial reforms.

• International Pressures: The U.S. has been advocating for tighter financial regulations in Iraq, particularly to prevent funds from reaching sanctioned countries like Iran. This creates a challenge for Iraq, which must balance international expectations with the needs of its citizens.

Diversification Beyond Oil

• Economic Diversification Initiatives: Iraq is actively pursuing economic diversification beyond its oil dependency by investing in local industries, including precious metals  and manufacturing. Development of industrial cities and steam power plants aims to boost energy independence and local production.

• Goals for Economic Growth: The Iraqi government has ambitious targets, including achieving 5% non-oil GDP growth and reducing unemployment to 4%. Special loan programs and a new bank dedicated to industrial loans are being introduced to foster entrepreneurship.

Security and International Relations

• UN Withdrawal vs. NATO Involvement: The UN’s planned withdrawal from Iraq by the end of the year is being framed as a sign of stability. In contrast, increased NATO cooperation suggests a continued need for security support, particularly in military training.

• Perception of Stability: Iraq’s strategic positioning—shifting from UN assistance to NATO support—aims to convey a message of stability to potential investors.

Humanitarian Concerns and Social Stability

• Digital Ration Cards: To improve efficiency and transparency, Iraq plans to implement digital ration cards aimed at reducing corruption. This initiative reflects the government’s commitment to modernizing its systems and addressing challenges in financial transparency.

• Addressing Humanitarian Needs: Iraq faces significant humanitarian challenges stemming from past conflicts, including infrastructure rebuilding and assistance for displaced individuals. Effective economic reforms must be paired with social initiatives to ensure a stable future for all citizens.

Challenges Ahead

• Budget Negotiations: A contentious issue remains the negotiation of the 2025 budget, particularly concerning the allocation of oil revenues between Baghdad and Kurdistan. This power struggle could threaten the stability of Iraq’s economic recovery.

• Popular Mobilization Forces (PMF): Integrating the PMF into the Iraqi Security Forces poses a complex challenge with implications for security and budgetary allocations. The PMF’s role in Iraq’s future governance is still under scrutiny.

• Corruption and Governance Issues: Long-standing issues of corruption continue to plague Iraq, necessitating comprehensive reforms to build trust among citizens and the international community.

The Dinar’s Path to Global Recognition

• Reforming the Dinar: The dinar has a troubled history marked by conflict and sanctions, which undermines its reliability as a currency. For the dinar to gain global recognition, Iraq must demonstrate political and economic stability, responsible governance, and a robust financial system.

• Economic Diversification’s Impact: A diverse economy that is less dependent on oil will attract a wider range of investors, potentially strengthening the dinar. Success in sectors like manufacturing and renewable energy is essential for creating a resilient economy.

• Balancing Economic Controls: Iraq faces the challenge of managing inflation and foreign currency reserves while gradually loosening exchange rate controls. Finding a balance between stability and flexibility is crucial for fostering investor confidence.

Conclusion

Iraq stands at a crossroads, with significant developments occurring in its economy and international relations. While there are promising signs of recovery, including the resumption of oil exports and initiatives aimed at diversifying the economy, numerous challenges remain. The success of Iraq’s reforms will determine its ability to reclaim its place on the world stage and establish a stable, prosperous future for its citizens. The next few months are critical as the Iraqi government navigates these complexities, making decisions that could either solidify its comeback story or lead to further disappointments. Ultimately, the path forward will require a concerted effort to address both economic and humanitarian needs,

MNT: WHAT WILL ALLOW THE IRAQ DINAR TO RI? ‪@DINARREVALUATION‬ #iraqidinarinvestor

 

Oil companies to meet with KRG oil companies next Tuesday, 2 MARCH

 Oil companies to meet with KRG oil companies next Tuesday

Baghdad-INA
The Federal Ministry of Oil has set next Tuesday as the date for a meeting with the Ministry of Natural Resources in the Kurdistan Region to discuss issues related to the concluded contracts and reach understandings that contribute to the development of oil fields, while an invitation was extended to foreign companies contracting with the Kurdistan Regional Government to develop the region’s fields.
 
The ministry stated in a statement, received by the Iraqi News Agency (INA) today, Saturday, that it “extended an invitation to international foreign companies under (APICOR) and contracted with the Kurdistan Regional Government to develop the region’s fields.”
 
The statement continued, “The ministry extended an invitation to the Ministry of Natural Resources in the region to attend in Baghdad next Tuesday for the purpose of discussing and debating issues related to the concluded contracts to reach understandings that contribute to developing the oil fields with the best international practices and in a manner that serves the national interest.”

https://ina.iq/eng/38597-oil-companies-to-meet-with-krg-oil-companies-next-tuesday.html

John F. Kennedy on Telegram, 2 MARCH

 Fri. 28 Feb. 2025 QFS Information Center: The Quantum Financial System EXPOSED! Tier 4B, Currency Revaluation & NESARA/GESARA Payments – The Moment Has Arrived! …John F. Kennedy on Telegram

• The Quantum Financial System (QFS) is HERE—and the elites are panicking. A total shift from FIAT to asset-backed currency is unfolding before our eyes. The old system of debt s*****y, controlled by central banks, is collapsing. If you’re not paying attention, you’ll be left behind.

• Tier 4B: The Internet Group Revelation: For those who have studied the signs, the term Tier 4B is no mystery. This is the moment we’ve been waiting for. If you’ve acquired foreign currencies—like Iraqi Dinar, Vietnamese Dong, or Zimbabwe Zim—anticipating revaluation, you may be on the list for redemption. But there’s disinformation everywhere—and that’s by design. The d********e does NOT want you to know this is happening.

• The Financial War—QFS vs. The Old System: The elites have ruled through FIAT currency, creating endless debt and inflation. But the Quantum Financial System is designed to END their control. Once activated, QFS ensures every transaction is fully traceable, hack-proof, and immune to m**********n. This is why central banks are scrambling—they CANNOT reconcile their old money into QFS. Their time is OVER.

• NESARA/GESARA: The Hidden Wealth They Didn’t Want You to Have: For years, the c***l hoarded wealth, using birth certificates, mortgages, and taxes to steal from YOU. NESARA/GESARA is about releasing TRILLIONS back to the people. It’s no coincidence that governments worldwide are suddenly talking about “restructuring debt”—they know the game is up. The people who are prepared will THRIVE. Those who remain ignorant will suffer.

• Redemption Centers & The Last Chance for Action: If you hold foreign currencies, you may be called to Redemption Centers to exchange them at new rates. This will not be publicly advertised—it’s a controlled process. But once the masses realize what’s happening, chaos will erupt.

• ARE YOU READY? The storm is here. The global financial war is peaking. Do not sleep. Do not be fooled. Stay vigilant. The window for action is closing FAST. Prepare now—or regret it forever!

MNT: WHAT WILL ALLOW THE IRAQ DINAR TO RI? ‪@DINARREVALUATION‬ #iraqidinarinvestor