MAJEED: The relationship between the Iranian Toman and the Iraqi Dinar is inverse!! #iraqidinar

 

, FINANCIAL ADVISOR: CENTRAL BANK DIGITAL CURRENCY WILL BOOST TRANSPARENCY, IMPROVE NATIONAL PAYMENTS 6 MARCH

 FINANCIAL ADVISOR: CENTRAL BANK DIGITAL CURRENCY WILL BOOST TRANSPARENCY, IMPROVE NATIONAL PAYMENTS

The financial advisor to the Prime Minister, Mazhar Mohammed Saleh, explained today, Saturday, that issuing a digital currency for the Central Bank will be an important step towards enhancing transparency and achieving a qualitative leap in the national payments system. 

Saleh said in a statement to the official agency, followed by NRT Arabic, that “the Central Bank plans to issue a digital currency as a gradual alternative to paper currency,” noting that this step will contribute to reducing cash leakage and lowering the costs of printing paper currency, in addition to reducing the circulation of money outside the banking system.

He added that the digital currency will allow tracking financial flows, improve control over capital and foreign transfers, support anti-money laundering efforts, and contribute to enhancing financial inclusion, especially for groups less integrated into the banking system.

Saleh explained that Iraq’s transition to digital currency requires a strong technical infrastructure, including advanced internet networks and advanced cybersecurity systems to protect data and transactions.

Digital currencies will also support efforts to enhance economic and social integration through government use in collection operations and official transactions.

MIKE BARA: ALL FOCUSING ON TOMORROW OR TUESDAY, MARCH 6

 Mike Bara

 I am hearing the exact things as Wolverine. you are.  I have a few contacts and they are all focusing on tomorrow and Tuesday in the USA. 

There is pressure to do this overnight.  Also have heard from people who know bond contacts that they were paid out last week, and that they have currency exchange appts starting tomorrow.

 That is the first time I ever heard about currency exchanges. Don’t be disappointed if not first thing tomorrow, but all is pushing toward that.

 All Wolverine’s sources are different than mine, and it appears all is coming together. I heard those appts are scheduled at major banks for people who have already cashed in certain bonds, and they are scheduled for currency exchanges. 

REINALDO JC: Seems like rate change dependent to resume the OIL @DINARREVALUATION #iraqidinarinvestor

 

MEMBER OF THE PARLIAMENTARY FINANCE COMMITTEE REVEALS TWO PROPOSALS TO DEVELOP THE BANKING SECTOR WITH COMMENTS OF MNT GOAT, 6 MARCH

 MEMBER OF THE PARLIAMENTARY FINANCE COMMITTEE REVEALS TWO PROPOSALS TO DEVELOP THE BANKING SECTOR

Member of the Finance Committee in the House of Representatives, Hussein Mounes, revealed today, Monday, two proposals from the committee to develop the banking sector in Iraq.

Mounes told the Iraqi News Agency (INA): “The digitization of the banking system in Iraq is part of the government program voted on in the House of Representatives, so it is a necessity that must be adopted, and we see that there is a major transformation and it is an opportunity to ensure the principle of transparency, limit the amounts of money and reduce banknotes, and it is also a necessity that must be taken into account, given that there is a global trend in the issue of digitization and the adoption of bank transfer companies. ”

(Mnt Goat- but  does digitization include going as far as a total digital currency? I think he means just electronic transfers and payments.)

He pointed out that “the Finance Committee is following up on the process of financial digital transformation and is in contact with the Central Bank to develop plans to resolve this issue,” indicating that “we have no choice as a country trying to launch its banking system except to proceed quickly and expedite the resolution of matters.”

Mounes added that “the Finance Committee has two proposals: the first is to amend the law of private banks; to ensure their participation and raise the efficiency of local banks, and we have a proposal to adopt the Federal Revenue Control Authority, and these two legislations are very important for developing the banking system in Iraq.”

MAJEED : This is lining perfectly!, 6 MARCH

 MAJEED

This is lining perfectly 

By March 8, Saturday ….Iran, is officially out of Iraq and the US exemption that was issued by Barack Obama to allow Iraq to export Iranian oil…. Will expire. And Iraq will be Energy independent That’s why they will send the budget table next week … because Iraq cannot do anything for Iran….

And since the foreign currency sales auction was stopped this week Specially, after Iraq meeting with IMF and were told to do major transactions in dinar

8:00 AM · Mar 5, 2025

MAJEED: They already have the greenlight to go ahead with it !!,‪@DINARREVALUATION‬ #iraqidinar