Sunday, March 16, 2025
The Central Bank reveals an integrated plan to get rid of paper transactions, 16 MARCH
The Central Bank reveals an integrated plan to get rid of paper transactions
Economy News – Baghdad
The Governor of the Central Bank, Ali Al-Alak, announced on Saturday that the government is working on a roadmap for comprehensive electronic transformation.
Al-Alak told the official agency and followed by “Economy News”: “The government is working with a plan and a roadmap to switch to e-government, and there are steps, efforts and a data center, and we hope that ministries will initiate interaction.”
He added that “the Central Bank has an integrated plan, we were able during the past year to reduce 50% of paper use in the Central Bank, and soon we will arrive to get rid of paper transactions.”
He continued, “The Central Bank is working to have a digital currency, and this is a big work that is being worked on in the bank in coordination with international and Arab organizations and entities and directly with the Arab Monetary Fund.”
https://economy-news.net/content.php?id=53419
DINAR EXCHANGE: IRAQ 2025 BUDGET READY FOR PARLIAMENT BY END OF MARCH! 💥, 16 MARCH
DINAR EXCHANGE: IRAQ 2025 BUDGET READY FOR PARLIAMENT BY END OF MARCH! 
Last week’s agreement on budget tables is now moving forward, with a new understanding to send it to Parliament!
A senior official confirmed that the Ministry of Finance, Parliamentary Finance Committee, and the Council of Ministers are aligned on this. Expect the budget to hit Parliament before Ramadan ends!
Net foreign investment into Iraq declined by 48%., 16 MARCH
Net foreign investment into Iraq declined by 48%.
The Iraqi Statistical Office issued an official report stating that net foreign investment into Iraq fell from $2.9 billion in the second quarter to just $1.5 billion, a decline of 48%.
Foreign direct investment plays a pivotal role in strengthening the Iraqi economy, as it contributes to reducing dependence on the state for foreign currency, in addition to supporting vital economic sectors, according to economic expert Manar Al-Obaidi.
Meanwhile, the Iraqi government announced that net foreign direct investment over the past two years amounted to $63 billion, which contradicts official data released by the Iraqi Statistical Office link
IRAQ BANK DISCUSSIONS:, 16 MARCH
☘️☘️☘️IQD RV☘️☘️☘️
IRAQ BANK DISCUSSIONS:
☘️ Central Bank's procedures related to banks deprived of the use of the dollar, pointing out that there are signs of optimism in the discussions with the American side
☘️ banks and electronic payment companies to enhance financial stability and develop the banking system
☘️ Central Bank supports 75 establishment digital banks, which contribute to accelerating the digital transformation of the banking sector in Iraq
☘️ transition towards the digital economy is an essential step to enhance financial stability and economic development
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