Monday, March 3, 2025

MARKZ: UPDATE ABOUT THE PAYMENTS OF THE HISTORIC BONDS! ‪@DINARREVALUATION‬ #iraqidinarinvestor

Sudanese Advisor: Digital currency is a qualitative leap that improves oversight and supports combating money laundering, 3 MARCH

Sudanese Advisor: Digital currency is a qualitative leap that improves oversight and supports combating money laundering

The financial advisor to the Prime Minister, Mazhar Mohammed Salih, praised, on Saturday, the Central Bank of Iraq’s move towards issuing a digital currency, considering it a qualitative leap that enhances transparency and control over financial flows, improves oversight of capital and foreign transfers, and supports efforts to combat money laundering.

Saleh said in a statement reported by the official news agency, and seen by "Al-Eqtisad News", that "the Central Bank is moving towards issuing a digital currency as a gradual alternative to paper currency," indicating that "this trend represents a qualitative leap in the national digital payments system."

He added, "This step will achieve many benefits, including reducing cash leakage, lowering 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 consumption, savings or investment, in addition to improving control over capital and foreign transfers, and supporting efforts to combat money laundering."

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

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

He explained that "digital cash will maintain its traditional functions as a unit of account, payments and savings, with the possibility of using it online and on smartphones, which will contribute to developing a more stable and efficient financial environment." link

SANDY INGRAM CC HIGHLIGHTS NOTES : Chapter Summary: The Return of Mustafa Al-Kadhimi and Current Iraqi Affairs, 3 MARCH

SANDY INGRAM CC HIGHLIGHTS NOTES

Chapter Summary: The Return of Mustafa Al-Kadhimi and Current Iraqi Affairs

Introduction

In recent developments within Iraq, former Prime Minister Mustafa Al-Kadhimihas returned to Baghdad for the first time in over two years. His homecoming is significant, reflecting the changing political landscape in Iraq amid ongoing security threats and a looming economic crisis.

Al-Kadhimi, who served as Prime Minister from 2020 until 2022, has been recognized for his advocacy of the rule of law and has maintained crucial relationships with the United States and Saudi Arabia.

His return raises questions about the current administration’s ability to navigate the country’s challenges and hints at a potential political comeback as Iraq approaches parliamentary elections. This chapter will delve into the implications of his return, the state of Iraq’s economy, and the geopolitical dynamics influencing the region.

The Context of Al-Kadhimi’s Return

Security Concerns: Al-Kadhimi survived an assassination attempt in 2021, marking the heightened risks associated with his political position. His return is underpinned by an invitation from current Iraqi leaders, indicating a desire for his influence to help resolve pressing issues.
Political Landscape: Al-Kadhimi’s departure in 2022 followed significant unrest, including mass anti-government protests. His tenure saw attempts to stabilize Iraq amidst challenges, including the refusal of Iran-backed militias to accept the results of parliamentary elections.
Diplomatic Relations: His time as Prime Minister included facilitating talks between Iran and Saudi Arabia, which culminated in the restoration of diplomatic ties in 2023 after a seven-year rift. This aspect of his leadership is critical as Iraq seeks to strengthen its relations with both nations during turbulent regional circumstances.

Economic Crisis and Financial Tensions

Financial Crisis Acknowledgment: Reports indicate that Iraq is grappling with a financial crisis, exacerbated by the Iran-US dollar issue. Uncertainty in the financial sector has prompted fears of economic instability, which poses significant risks to the country’s future.
Sanctions and Control: The acknowledgment that Iraq remains under certain sanctions, and the potential for extremist groups like ISIS to exploit this situation, complicates national governance. The sentiment among the Iraqi populace suggests a yearning for autonomy over their future.
Currency Stability: Analysts express cautious optimism that developments, such as the Road Project, could lead to an increase in the value of the Iraqi currency. This revitalization could provide a much-needed boost to the economy.

Political Dynamics and Future Implications

Kurdistan Oil Exports: Iraq has announced the resumption of oil exports from the Kurdistan region, a contentious issue as neighboring Arab nations express apprehension over Kurdish aspirations for independence. This situation highlights the delicate balance of power and the potential for regional instability should the Kurdish region achieve greater autonomy.
Elections and Political Comeback: With parliamentary elections on the horizon, Al-Kadhimi’s return may signal an opportunity for him to reclaim political influence. His connections and previous leadership experience could be pivotal in navigating the current crises.

Public Sentiment and Media Representation

Media Coverage: Various Iraqi news platforms reported Al-Kadhimi’s return consistently, reflecting a collective acknowledgment of the significance of his role in the ongoing political narrative. The hope for economic improvement resonates through these reports, suggesting a desire for stability among the Iraqi people.
Public Discussion: The prospect of lower taxes and investment opportunities in the Iraqi stock market has sparked interest, showcasing a growing awareness and engagement among citizens regarding economic reform and financial education.

Conclusion

The return of Mustafa Al-Kadhimi to Iraq is a pivotal moment that encapsulates the complexities of the nation’s political and economic landscape.

As Iraq faces a financial crisis and navigates regional tensions, Al-Kadhimi’s established relationships and experience may prove beneficial in fostering stability.

The upcoming parliamentary elections could further reshape Iraq’s political dynamics, potentially allowing for a resurgence of leadership aimed at reform and crisis management. Ultimately, the implications of these developments extend beyond immediate governance, reflecting broader aspirations for autonomy, economic growth, and stability among the Iraqi people.

In summary, this chapter outlines the critical dimensions of Al-Kadhimi’s return, emphasizing the intertwined nature of security, economics, and politics in Iraq. The evolving situation requires careful monitoring as the country prepares for a potentially transformative electoral period.

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Frank26: "PROOF THAT THEY WORK THROUGH RAMADAN", 3 MARCH

KTFA:

Frank26: "PROOF THAT THEY WORK THROUGH RAMADAN"......F26

Parliament will not be suspended" .. Parliamentary Legal Committee reveals the plan for sessions during Ramadan

2/27/2025

A member of the Parliamentary Legal Committee, Mohammed Anouz, confirmed on Thursday that the Iraqi Parliament will not be suspended early due to the upcoming legislative elections, stressing that the Council has a moral and constitutional responsibility to continue holding its sessions and approving the remaining laws.

Anouz added to Shafaq News Agency that the first and second legislative chapters are sufficient to complete the reading, discussion and voting on many laws, stressing that the Council will resume its sessions next week.

He pointed out that Parliament sessions during the month of Ramadan will be in the evening, i.e. after breakfast, to ensure the continuation of legislative work before the end of the current session.

It is noteworthy that the current session of the Iraqi Council of Representatives began on January 9, 2022, and is scheduled to continue for four years, which means that it will end on January 8, 2026.

According to the amended Electoral Law No. 12 of 2018, legislative elections must be held 45 days before the end of the parliamentary term.

Accordingly, the next elections are expected to be held in late November 2025.

Recently, the Independent High Electoral Commission began its technical and logistical preparations to ensure that the elections are held on the scheduled date, in coordination with the Prime Minister’s Office. LINK

TIDBIT FROM MNT GOAT, 3 MARCH

Mnt Goat

Article: "CENTRAL BANK: ACHIEVED INTERNATIONAL INTEGRATION BY LINKING THE IRAQI

ELECTRONIC PAYMENT SYSTEM TO GLOBAL NETWORKS"

Quote: ". ..we achieved international integration by linking the Iraqi electronic payment system to global payment networks, which allows the transformation of accepting foreign cards locally and expanding the acceptance of Iraqi cards internationally,”

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