Monday, March 3, 2025
Frank26: "DIGITAL CURRENCY IS SO HARD TO STEAL... ISN'T IT PARLIAMENT?", 3 MARCH
KTFA
Frank26: "DIGITAL CURRENCY IS SO HARD TO STEAL... ISN'T IT PARLIAMENT?".....F26
The digital currency to be launched in Iraq.. between economic opportunities and potential risks
2/26/2025 Baghdad
Today, Wednesday (February 26, 2025), the expert in international economic affairs, Nawar Al-Saadi, revealed the importance of the Central Bank of Iraq launching its own digital currency.
Al-Saadi told Baghdad Today, “From an economic standpoint, this step has great benefits, but at the same time it involves challenges and risks that must be dealt with carefully.”
He explained that “the importance of this step lies in several aspects, most notably that it provides a more efficient and transparent means of electronic payment, which reduces reliance on paper money and limits the informal economy,” adding: “It also contributes to enhancing financial inclusion by facilitating digital transactions, especially in a country like Iraq where a large percentage of the population is still outside the formal banking system.”
He added, "The central bank's digital currency could help reduce the costs of printing and managing paper currency, and improve control over cash flows, which would help combat corruption and money laundering."
“However, this step is not without risks, especially in light of the challenges facing the Iraqi financial system,” he added, indicating that “the most prominent concerns are the possibility of using digital currency in smuggling operations, especially if there are no strict mechanisms to monitor digital transactions. Iraq already suffers from challenges in controlling money transfers through informal channels, and any weakness in managing digital currency could lead to its exploitation by illegal networks.”
Al-Saadi also warned that “there are risks related to monetary stability, as the rapid transition to digital currency may lead to pressures on the traditional banking system, especially if banks are not technically and practically prepared for this change.” Moreover, any security or technical flaw in the digital infrastructure may make the financial system more vulnerable to cyber attacks or hacking.”
The international economic affairs expert pointed out that “in order to ensure the success of this step, it is necessary for the Central Bank to follow a well-thought-out policy to implement it gradually, with a clear legal framework to regulate the use of digital currency,” stressing “the need to strengthen the digital banking infrastructure and ensure the readiness of the financial system to accommodate this transformation without affecting economic stability.” If this policy is implemented with caution and transparency, the Central Bank’s digital currency can be an effective tool to strengthen the Iraqi economy and push it towards more modernity and financial openness.”
Earlier on Wednesday, the Central Bank Governor, Ali Al-Alaq, revealed the intention to create a digital banking currency to replace paper currencies.
Al-Alaq said, in a speech during the Ninth Finance and Banking Services Conference and Exhibition, which was 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 its own digital currency, to gradually replace the paper process as is happening in some central banks in the world," indicating that "we are seriously considering establishing a data center in Iraq, and the bank has begun to move on this issue as part of the digital transformation steps." LINK
Sunday, March 2, 2025
MAJEED UPDATE, 3 MARCH
MAJEED
This was accompanied by a rise in the value of the Iraqi dinar against the dollar in the markets, recording 147 thousand for $100, after it was more than 151 thousand.
The relationship between the Iranian Toman and the Iraqi Dinar is inverse.
Frank26: "MIGA!!!"......Make Iraq Great Again!! , 3 MARCH
KTFA
Frank26: "MIGA!!!"......Make Iraq Great Again!! .F26
After calling for cutting funding to Baghdad, US representative: Let's make Iraq great again
2/28/2025
US Republican Representative Joe Wilson called for "making Iraq great again" and stopping Iran's control over it, after his previous calls to stop funding Iraq, according to the American Fox News channel.
The American report, which was translated by Shafaq News Agency, explained that Wilson, who is also a member of the Foreign Affairs Committee in the US House of Representatives, published a tweet on the "X" platform, in which he said, "Make Iraq great again," accompanied by a picture of the Iraqi flag.
The report noted that many people commented on Representative Wilson's tweet, including one who wrote to him saying, "America first? " , while another commented saying, "Forget Iraq and worry about the Americans."
The report indicated that "Representative Wilson spoke publicly on social media about various foreign countries, including Iraq and Iran, where he criticized Tehran's control over Baghdad, and repeatedly used the phrase "liberate Iraq from Iran."
The report quoted Wilson as saying in previous positions, "Iran runs the Iraqi government, as well as the army, judiciary, police and banks."
In a previous post, Wilson said that “the great people of Iraq, of all religions and ethnicities, are the heirs of a great civilization, and deserve better than to be ruled by a terrorist regime in Iran,” criticizing the former Joe Biden administration’s abandonment of the non-sectarian protest movement in Iraq, adding that “we must empower the Iraqi people to make Iraq great again and liberate Iraq from Iran.”
The report also mentioned Wilson's previous publications, in which he called for "stopping funding for Iraq" and "cutting off all aid to Iraq as long as Iran runs it." LINK
Jon Dowling: Yes the idea of March are indeed upon us! , 3 MARCH
Jon Dowling: Yes the idea of March are indeed upon us!
🚨BIG BREAKING NEWS
Israeli Government approves the calling up of 400,000 reserve troops to active duty. The attack on Iran and the grace surrender are incoming!
It’s only a matter of time until XRP pairs against Bitcoin and supplants it! X marks the spot!
Marco Rubio is working with Iraq and Ali Allaq their Central Bank Governor has announced they are releasing soon a digital asset backed currency. Thusly a new date has to be announced so they’re being forced into doing it, which we knew was necessary.👀👀✅🙏🙏🙏
Key Issues Iraq Must Resolve Before a Dinar Revaluation Could Happen!! #iqd #iraqidinar #iraq
🔗📢 FOLLOW & JOIN OUR COMMUNITY 📌 TELEGRAM: https://t.me/DINAREVALUATION 📌 X (TWITTER): https://x.com/DinarWatchTeam 📌 BLU...
