"IRAQ CONFRONTS ECONOMIC CRISES WITH THE "DIGITAL DINAR." THE PARALLEL MARKET IS THREATENED WITH "EXTINCTION."
Get Ready for this surprise!
"The Central Bank of Iraq is preparing to launch the digital dinar, marking the transition to digital currency management.
The digital dinar is a digital currency issued by the central bank, officially part of a country's monetary system. It is similar in value to the traditional dinar, but is traded electronically via digital wallets or approved financial applications.
WOW! WOW! WOW! This is coming VERY SOON not later, as we were told before. What does this mean for us investors? How will this impact our investment in the revaluation process of the Iraqi dinar?
We explore this today. Input from my CBI contact....
The 14th session of the International Conference on Debt Management, organized by the United Nations on Trade and Development (UNCTAD), held in Geneva from 17 to 19 March 2025, with the participation of Finance Minister Taif Sami, resumed.
The meetings included a number of important topics,
most notably the axis (governance, accountability and transparency in the world of financial constraints), as well as the axis (the relationship between debt and climate: innovative debt tools for managing financial risks).
The meetings also included the theme (enhancing debt transparency: reconsidering reporting and ensuring standards) in addition to the axis (strategies for managing institutional challenges in order to establish a sustainable debt management office).
Article: “Iraq confronts economic crises with the digital dinar. The parallel market is threatened with extinction.”
Quote: “The Central Bank of Iraq is preparing to launch the digital dinar…It is similar in value to the traditional dinar, but is traded electronically via digital wallets or approved financial applications.
It facilitates instant money transfers within the country or across borders, reduces the logistical burden of issuing paper or metal currency, and enables broader segments of society to access digital financial services.”
“Regarding the digital dinar’s relationship to exchange rates, Al-Sudani’s advisor explained that the official exchange rate will be the prevailing and sole rate, the digital exchange rate adopted by monetary policy.
The parallel market will disappear in its current form, as it is difficult to invent a secondary digital market whose operations operate outside the control of the digital monetary authority…He pointed out that the digital dinar will be fully backed by the central bank and have a relatively stable value, similar to paper currency.
However, it will be traded electronically only through bank accounts and wallets, contributing to reducing the use of paper money, achieving financial inclusion, and reducing reliance on the dollar in daily transactions.”
Article: “Iraq: Top 5 Arab economy in 2024″
Quote: “Five Arab countries, including Iraq, accounted for 72% of the region’s GDP, which surpassed $3.6 trillion in 2024, according to a new report from the Arab Investment & Export Credit Guarantee Corporation (“Dhaman”) released on Sunday.”
Mark has been taken off youtube for a week. So try Rumble and Twitch this week to find him
The rolling chat does not work well on Rumble…so cannot easily post member questions or comments… Notes will be very short this week.
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.
Be sure to consult a professional for any financial decisions
Member: Many are still saying tonight into tomorrow for our announcements
MZ: How are the boards out there today? Are they mentioning all the jets in Reno? The jets in Columbia? The jets in Zurich?
Member: Hearing from Reno that there's no place to park your jet....
MZ: Are they mentioning rumors out of the Reno area…..that it was this afternoon ? My contacts there say it is really exciting and yes…there was a lot of traffic but, they were not hearing of a release this afternoon.
MZ: I can imagine the rumors are Coocoo crazy right now. I don’t know if this is our week…but sure looks like they are zoning in on it. I am hearing wonderful positive things…but have not heard it has started on the currency side yet.
MZ: I do have bond contacts that have gone completely quiet since yesterday afternoon. I take it a positive sign that they are not allowed to respond. I am going straight to voicemail.
Member: Wolvie said BONDS paying out
MZ: “ 145 billion barrels-Iraq will lead the world in oil reserves in 2025” More oil reserves than Kuwait or Saudi Arabia. This is huge.
MZ: “The budget law soon to go to parliament” They are saying its mere days. Another article says they are expecting the budget in parliament this weekend.
MZ: In this budget I was to expect the rates. I hope that turns out to be accurate.
MZ: “Banking operations across India to be disrupted for 4 days” they are shutting down the banking operations. They say it’s because of a banking strike. Is it that – or is it a reset? It certainly is a convenient time to make a change.
MZ: “UBS auditor warns over banks financial reporting controls” Will this trigger a possible bank run or collapse in Europe? I am surprised markets did not crash today over this kind of news.
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY.
