Saturday, March 8, 2025
Digital Currency .. And An Advanced Financial Future, 8 MARCH
Digital Currency .. And An Advanced Financial Future
Economic 2025/03/05 D. Nabil Al -ordinary
In line with the framework of rapid global developments in financial and technological systems, the
Central Bank of Iraq, in the context of keeping pace with development, is heading towards launching an alternative digital currency for paper cash.
This step, which is not just a transformation in the method of financial transactions,
is a fundamental shift in seeing the Iraqi financial system.
Digital currencies are a new innovation that the world has witnessed, and
it reflects the rapid shift towards the digital age. The
digital currency allows the possibility of
making transactions faster and more safely compared to paper criticism, through the use of this currency, as well as
reducing the costs of transactions, which contributes to
enhancing economic efficiency.
As for the potential benefits of the digital currency in Iraq, they are summarized in
improving the efficiency of the financial system, and then will help
accelerate transactions and
reduce the time required to accomplish them,
which reflects positively on the movement of internal and external trade.
It is also an effective means of
enhancing
transparency and
fighting corruption, and that its use and intended digital currencies may contribute to
reducing informal monetary transactions, which
reduces the chances of financial corruption as well as job evasion.
Perhaps the most prominent advantage of this type of currency is that
it will contribute to
increasing the amount of financial inclusion: the prospects for
access to financial services for new groups of society
may open, especially for those who do not deal with banks directly. In my estimation, the
digital currency can contribute to encouraging innovation in the financial market, giving many startups to provide new services that depend on financial technology. Although
this type of currency has these advantages and despite the great benefits,
it is not without challenges, and
it must be paid attention to, foremost of which is concerns related to cybersecurity and data protection, and
citizens must be educated about how to use this currency and
this requires a clear legal and organizational framework that guarantees the protection of the rights of users. The
launch of the digital currency in Iraq represents a new and important stage in the development of the financial system,
this initiative
reflects Iraq's commitment to move forward towards an advanced technological age, and
will have positive effects in the economy and society, however, the
success of this step depends on
addressing the challenges associated with it, which we pointed to some of them in the context of this article, and the
need to provide adequate support to achieve its goals. https://alsabaah.iq/111170-.html
MAJEED UPDATE, 8 MARCH
MAJEED
Urgent: Al Arabiya Channel:
President Trump: We are very close.
What will happen to Iran in the coming days and hours is very terrible. We will not allow Iran to possess nuclear weapons.
MNT GOAT "GOVERNMENT ADVISOR: ELECTRONIC PAYMENT ENHANCES DINAR STABILITY, SHRINKS PARALLEL MARKET", 8 MARCH
MNT GOAT
"GOVERNMENT ADVISOR:
ELECTRONIC PAYMENT ENHANCES DINAR STABILITY, SHRINKS PARALLEL MARKET"
This is exactly what we want to hear at this point in time! "Mazhar Muhammad Salih, confirmed that the public's increasing conviction in using electronic payment cards for travel purposes or paying dues to small companies has achieved great success in reducing the size of the parallel market for the US
dollar, which has contributed to its gradual decline.'
" The financial advisor pointed out that the new monetary policy tools adopted by the Iraqi government, in cooperation with the Central Bank, have directly contributed to directing cash liquidity towards official channels, which has enhanced public confidence in the dinar and led to a reduction in informal transactions in the dollar. Perfect, Perfect, Perfect! ©
Their words not mine.....
JON DOWLING UPDATE, 8 MARCH
Jon Dowling
1.) A massive devaluation is coming from China on some currencies, which will positively affect the currencies we’re invested in, in terms of a massive revaluation, to include oil, cryptos and precious metals. Which by the way, oil went below $65 yesterday morning.
2.) An actual resident in Zimbabwe confirms that a coup is being established by the Zimbabwe citizens to get Mangangwa out and replace him with none other than Nelson Chamisa! The Zim bonds backed by gold are worth an absolute fortune!
3.) Guess who leads the way in sales is semiconductor chips globally at a whopping $5.25 Billion? That’s right Vietnam! Think that boasts well for them and their respective GDP? Not to mention the Dongs value?👀🙏✅🥳🥳🥳
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