Prime Minister's Advisor: The Central Bank Is Moving Towards Issuing A Digital Currency As A Gradual Alternative To Paper Currency, 2 MARCH

 Prime Minister's Advisor: The Central Bank Is Moving Towards Issuing A Digital Currency As A Gradual Alternative To Paper Currency

Saturday 01 March 2025 10:49 | Economic Number of readings: 373  Baghdad / NINA / The financial advisor to the Prime Minister, Mazhar Mohammed Salih, announced today, Saturday: 

"The Central Bank is moving towards issuing a digital currency, as a gradual alternative to paper currency," explaining the benefits of issuing a digital currency specific to the Central Bank, while indicating that its issuance will represent a qualitative leap in the national payment system and enhance transparency.

Salih said, according to the official agency: "This step will achieve many benefits, including reducing cash leakage, reducing printing costs, and limiting the circulation of paper currency outside the banking system, in addition to reducing the need to print money repeatedly, 

which reduces the costs associated with its production and distribution, in addition to enhancing transparency and control over financial flows and the ability to track digital liquidity and spending trends, whether consumer, savings, or investment, in addition to improving control over capital and foreign transfers, and supporting efforts to combat money laundering."

He pointed out: "Digital currencies contribute to achieving financial inclusion, especially for the groups least integrated into the banking system, which contributes to enhancing economic and social integration."

He noted that: "The transition to digital currency requires a strong technical infrastructure, including reliable and advanced internet networks, advanced cybersecurity systems to protect data and transactions, as well as promoting a culture of societal acceptance of digital currencies, starting with government agencies, through their use in collection operations and official transactions."

The advisor stressed: "Digital cash will maintain its traditional functions as a unit of account, payments and savings, with the possibility of using it over the internet and smartphones, which contributes to the development of a more stable and efficient financial environment."  https://ninanews.com/Website/News/Details?key=1189385

Ariel (@Prolotario1): Will the IQD Rate Change be Immediate?, 2 march

 Ariel (@Prolotario1): Will the IQD Rate Change be Immediate?

Ariel

G’, it’s almost like I have been telling people that the revaluation of the Iraqi Dinar is for the ‘New Republic’ that basically starts on March 4th with an address from the president on that day with Kurdistan & Baghdad signing remaining paperwork and resuming oil exports through SOMO.

Why out of all these years you have been waiting that they decided to have this meeting on the exact day of the original inauguration day? Why do you think Donald Trump is closing 100s of IRS offices? Because he doesn’t want your capital gains going towards an agency that will not exist after 2025. I told you all and I will say it again D. Trump is going to put his foot down on March 4th.

After that day you might as well prepare for the fallout. Because it’s going to come fast. C********n will be boxed in and have no choice but to show itself for the beast it is. And as I explained once the IQD reinstatement occurs Israel will become a shell of its former self. Peace in the Middle East will expose the the domestic t*******t in our media, government, and banking industry.

Regarding the rate change. Will it be immediate? Unlikely. The CBI would need time to evaluate oil revenue projections and consult with the government, which has previously locked rates for multi-year periods (e.g., until 2025 per a 2021 parliamentary statement).

A decision might take days to weeks, with an announcement possibly delayed to mid-March or later to ensure data alignment. That said, if political momentum from the meeting is strong and Trump’s rhetoric signals U.S. support Iraq could expedite the process, perhaps signaling intent within days (e.g., March 5-7) and formalizing it later.

In short, I’d expect a new exchange rate release to follow days to a couple of weeks after March 4, not immediately, as Iraq balances oil-driven economic gains with currency stability needs. Keep an eye on CBI statements and parallel market trends post-meeting for clues. What are your thoughts on how these pieces might fit together?

I just love that it will be on ot after March 4th because we will get to keep our money. Because once they resume there is no going back after that. And we will have our ROI.

FNU LNU : There is a hold on the RV for an unspecified amount of time! ‪@DINARREVALUATION‬ #iraqidinar

 

FRANK26: "ACTIVE PM BRINGS IN OLD PM FOR HIS KNOWLEDGE & EXPERIENCE", 2 MARCH

 KTFA

FRANK26: "ACTIVE PM BRINGS IN OLD PM FOR HIS KNOWLEDGE & EXPERIENCE"....F26

 

To arrange the papers with the Americans.. Revealing the reasons for Al-Kadhimi’s return to Baghdad

 

2/25/2025

 

Translation

The American network "Divescore" concerned with political analysis revealed today, Tuesday (February 25, 2025), the reasons it said were behind the return of former Prime Minister Mustafa Al-Kadhimi to Iraq, stressing that his current return came through an "invitation" directed to him to "exploit" his positive relationship with the Americans. 

The network said, according to what was translated by "Baghdad Today", that Al-Kazemi, who enjoys very good relations with the Saudis and Americans, returned to Iraq through an "invitation" extended to him by the current leaders in the Iraqi government, explaining, "The invitation was extended to Al-Kazemi by the Iraqi leaders in an attempt to use his positive relations with the Americans and Saudis to address the economic problems that threaten the stability of Iraq." 

She continued, "Al-Kadhimi, who is known for his close relationship with the Americans, has now arrived in Baghdad to work as a link with the Iraqi government in an attempt to improve relations and exploit his knowledge to move Iraq in the seas of economic chaos currently taking place in the region and greatly affecting the stability of the country." 

The network pointed out that the economic sanctions that the US administration is threatening to impose on Iraq, especially the banking sector, have now become a "great danger" to Iraqi stability, which called for using Al-Kazemi in the current period, which the network described as "critical" with the approach of the Iraqi elections. 

The network's report concluded by stressing that Al-Kadhimi's arrival in Baghdad also carries "political efforts", stressing that "Al-Kadhimi's influence still continues until now inside the country in addition to his influence with the Americans and Saudis, which indicates intentions to bring him back to the political scene again. "

LINK

TIDBIT FROM MILITIAMAN, 2 MARCH

 Militia Man  

Article quote: "The acceleration of the digital transformation has begun...Central Bank...licensing new digital banks" 

 They're openly stating it now.  They are not putting the brakes on...They're going to a new technology.  

 All the things we've seen in the past are going to go by the wayside.  It's going to be completely different.  It's going to be transparent...fast... somewhat furious.  Those that don't play by the rules... are going to have a major problem...Iraq is going digital...

FIREFLY: We have made it to the finish line, We just need to cross it now! ‪@DINARREVALUATION‬ #iqd

 

FRANK26: "GREAT INTEL GATHERING FOR A REASON", 2 MARCH

 KTFA

FRANK26: "GREAT INTEL GATHERING FOR A REASON".....F26

"Administrative clash" at Najaf airport between US delegation and Iraqi security

2/24/2025

A security source in Najaf Governorate reported on Monday that the security authorities prevented an American delegation that tried to enter the governorate through its international airport " by force."

The source told Shafaq News Agency that eight black, tinted vehicles stormed the airport, and a number of American special forces got out of them, carrying weapons and wearing bulletproof vests. They conducted searches inside the airport corridors using a special camera, without referring to the relevant security authorities inside or outside the airport.

The source added that two Black Hawk helicopters landed at the airport, carrying an American official at the Washington embassy in Baghdad, in addition to a number of armed soldiers. The purpose was to visit the governorate without revealing the identity of the official.

He explained that the force that arrived on board the two planes tried to enter the airport, but one of the airport security customs employees and a number of other elements blocked their way and asked them to hand over their weapons and show the visit permit to the Iraqi side. After refusing to do so, the American force was forced to return to the two planes and leave.

 

LINK