Wednesday, March 26, 2025
To discuss investment opportunities.. An American delegation in Iraq soon, 26 MARCH
To discuss investment opportunities.. An American delegation in Iraq soon
Economy News – Baghdad
The Advisor to the Prime Minister for Foreign Relations, Farhad Aladdin, confirmed on Tuesday that Iraq, with its economic development, attracting major American investments, while pointing out that there is an upcoming visit by a senior American delegation to study investment opportunities in Iraq, and pointed out that there is an Iraqi-American partnership in combating terrorism and regional coordination.
Aladdin said, according to the official agency, that “the relationship between Iraq and the United States is one of the strategic relations based on common interests and mutual respect, and is based on the strategic framework agreement signed between the two countries.”
He explained that “the two sides are currently working on developing a road map aimed at expanding and deepening this relationship, including strengthening cooperation in several areas such as investment, developing infrastructure in the energy, technology and agriculture sectors, as well as continuing the partnership in combating terrorism and coordination in regional and international files of common interest.”
He pointed out that “Iraq is currently witnessing a remarkable development at the economic level, which provides promising opportunities in vital and multiple sectors, and the United States is showing increasing interest in these opportunities, as there is continuous communication with a number of major American companies that have expressed their desire to enter the Iraqi market, especially in light of the government directives of the Prime Minister and efforts to facilitate the business environment and provide guarantees and incentives to foreign investors.”
He added that “Iraq will soon receive a high-level delegation that includes representatives of major American companies to discuss investment opportunities and see the new and stable reality in Iraq, in addition to holding meetings with government officials and local companies.”
With regard to the official visits of the Prime Minister’s state to friendly and partner countries, Aladdin stressed that “each visit is organized according to a work schedule and program that serves the common interests of the two countries.”
He announced an “upcoming visit to a regional country, followed by the ongoing preparations for the Arab summit, which will be held at a sensitive time in light of the challenges and security and political turmoil in the region.”
https://economy-news.net/content.php?id=53771
AJ THE NEW DIGITAL SYSTEM WILL TRACK EVERY DINAR!!, 26 MARCH
AJ
THE NEW DIGITAL SYSTEM WILL TRACK
EVERY DINAR
Hey everyone, remember when I had this video pinned at the top of my feed last year? Well, we knew they were going to use DLT, aka blockchain; we just didn’t know it was going to be a CBDC. So first, let’s break down what they told us last summer about their new digital dinar and said, QUOTE: “would be better than the rest of the countries of the world.”
The Central Bank of Iraq (CBI) has been working on and testing its Central Bank Digital Currencies (CBDCs) for some time, as part of a broader financial reform strategy to modernize Iraq’s economy, as highlighted in two key videos I shared last September.
The CBI is rolling out two types of CBDCs: retail and wholesale, each serving distinct purposes.
The retail CBDC, detailed in the first video, is designed for everyday use by citizens and companies. It focuses on tracking the movement of the Iraqi dinar at the individual and corporate level, ensuring the CBI knows “where the dinar comes from and where it goes.”
This system, which the CBI claims is “better than the rest of the countries of the world,” The goal is to rehabilitate government banks like Al-Rafidain Bank, turning them into productive institutions that offer an integrated package of banking services through advanced electronic programs.
The wholesale CBDC, outlined in the second video, is for large-scale transactions, in millions, specifically for foreign transfers like import payments. It involves banks, ensuring funds are used “actually for import purposes and not for other purposes.”
The CBI has implemented special procedures, requiring regulatory companies to provide statements verifying that these operations are “100% sound,” confirming the imports are legitimate and the money isn’t diverted (e.g., to black markets).
This platform enhances international compliance standards, aligning with global rules like AML/CTF requirements, while a consultancy (Ernst & Young) provides studies to support economic development.
For instance, when Iraq imports goods, the wholesale CBDC ensures the payments are trackeThe CBI’s been testing these systems , Iraq’s digital dinar is primarily retail-focused, per Saleh and Al-Hashimi (article), for citizens via wallets. Used by the public for everyday transactions.
The retail CBDC will helps citizens pay for goods and services just like paper currency, while the wholesale CBDC ensures import payments are legit, both driving non-oil revenues and economic stability.
Tomorrow, I’ll dive deeper into the digital dinar CBDC and expand on the details. So turn on notifications!
Transcript of video
Retail public digital dinar.
Enhances international compliance standards. Meanwhile, the country is witnessing financial and monetary reform paths that included many procedures and decisions. The financial and banking reform process was adopted by the Sudanese government on the subject of rehabilitating government banks so that they become productive banks.
The Iraqi is trying to have a system for tracking the movement of the Iraqi Dinar that is better than the rest of the countries of the world. The global software system has now contributed to the solidification of international financial transfer procedures. We will now move to reform the internal system through a system for tracking the movement of the Dinar and knowing where the Dinar comes from and where it goes at the individual level and at the corporate level.
Improving the reality of work, the banking sector, and at the top of the list, is Al-Rafidain Bank, which comes within a strategy whose goal is to provide an integrated package of banking services to citizens and companies that rely on advanced electronic programs.
Wholesale CBDC
Special procedures to develop the service for all foreign transfers in the future. (imports)
Only by giving the statement of these regulatory companies support that these operations are 100% sound operations for imports purposes only through them are you sure these imports are real and the money spent or transferred to them is actually for import purposes and not for other purposes. according to economists,
The company the consultancy will contribute to providing studies for the purposes of economic development and in a way that enhances international compliance standards.IRAQ NEWS: The Iraqi government has yet to take concrete steps to resume oil exports from the Kurdistan Region, 26 MARCH
IRAQ NEWS
The Iraqi government has yet to take concrete steps to resume oil exports from the Kurdistan Region,
which have been halted for two years, KRG spokesperson Peshawa Hawramani announced.
Speaking to reporters, he added that both Turkey and the Kurdistan Regional Government (KRG) are ready to restart exports.
GOLDILOCKS: 🚨SHOCKING NEWS: RV STOP'S because of the Digital Dinar & CBDC??, 26 MARCH
GOLDILOCKS: 🚨SHOCKING NEWS: RV STOP'S because of the Digital Dinar & CBDC?
Highlights
Summary
In this informative podcast, the host, known as Freedom Fighter, discusses significant developments in the Iraqi economy, primarily revolving around the implementation of the digital dinar.
Set against the backdrop of expectations surrounding the Iraqi dinar’s valuation and global banking trends, the host emphasizes the benefits this digital currency rollout has for current holders of the Iraqi dinar.
By highlighting shifts towards a digital economy and the establishment of trust accounts by various members, the host conveys a sense of optimism about upcoming changes within Iraq’s financial landscape. Key topics addressed include the advantages of digital currencies, the management strategies of the Central Bank of Iraq (CBI), and how these developments will streamline currency exchanges for both citizens and those holding Iraqi dinar internationally.
Furthermore, the digital dinar’s association with central bank policies places it in the broader context of global banking, illustrating its potential to stabilize and elevate the value of the Iraqi currency.
- 💰 Free Trust Accounts: Members of Goldilocks are able to set up trust accounts without incurring fees, showcasing a unique financial opportunity.
- 🌐 Digital Dinar Implementations: The digital dinar will be backed by the Central Bank of Iraq (CBI), allowing for more controlled currency management.
- 📉 Move to Digital Economy: Iraq is transitioning 50% of its population to digital banking, showcasing rapid modernization.
- 📈 Strengthening Currency Value: The rollout of the digital dinar is anticipated to enhance the stability and value of the Iraqi dinar.
- 🔄 CBDC Explained: The podcast delineates differences between retail and wholesale central bank digital currencies, clarifying their implications.
- 🤝 Global Interbank Transactions: The digital dinar primarily facilitates smoother transactions between central banks worldwide.
- ✔️ Positive Impact on Investors: The podcast underscores the positive implications for Iraqi dinar holders in light of the new digital economy.
Key Insights
💡 Trust Creation in Financial Systems: The ability of Goldilocks members to obtain trust accounts for free illustrates a paradigm shift in wealth management. Traditional trust setups often require substantial fees, making this access a remarkable value proposition. By creating a frictionless avenue for members, the platform fosters a sense of community and shared growth. This absence of charge is not only financially advantageous but could also establish a foundation for generational wealth transfer, empowering participants in the long term.
🌟 Backed by the CBI: The backing of the digital dinar by the CBI plays a crucial role in restoring control over the Iraqi economy. By regulating the digital dinar, the central bank aims to minimize external vulnerabilities and reinstate the toxic currency flows that have historically plagued the country. This backing signifies a commitment to stability and proper governance, allowing investors confidence that the value of the dinar will be preserved amidst global fluctuations.
📊 Shift to Digital: The statistic indicating that 50% of the Iraqi population is transitioning to digital banking showcases the rapid adoption of modern banking practices. This shift is part of a broader digital transformation that not only enhances efficiency but also prepares Iraq for greater global financial integration. The substantial growth from 19% to 50% over a few years indicates a community that is embracing new technologies and is poised for a significant economic leap.
🔍 Enhancement of Currency Management: The issuance of a digital dinar by the CBI intends to eradicate the circulation of paper dinars over time and replace them with a more robust, digitally controlled currency system. This approach will allow the CBI to monitor and manage the currency supply effectively, ensuring the value remains stable during economic shifts. This careful oversight is key to building trust among investors and citizens alike.
🌐 Understanding CBDCs: The explanation regarding the distinction between retail and wholesale central bank digital currencies is crucial in understanding how international transactions operate. While individuals may utilize retail CBDCs for everyday transactions, wholesale CBDCs cater to the interbank market, facilitating larger transactions between central banks. This understanding is essential for holders of the Iraqi dinar, as it frames Iraq’s strategic positioning in a digital-first global banking landscape.
📉 Future Revaluation Prospects: Establishing a digital dinar is viewed favorably amid expectations of the Iraqi dinar’s revaluation. As trust in the currency increases due to transparent monitoring and controls, the potential for value enhancement grows. This is particularly important for current holders who anticipate exchanging their dinars for gains in a newly regulated environment.
🎯 Positive Implications for Investors: According to the podcast’s analysis, the introduction of the digital dinar heralds a favorable environment for existing holders of Iraqi dinar. The rollout aligns with global trends towards digital currency usage and regulations, hinting that future developments may yield positive outcomes for investors. The proactive stance taken by the CBI in daylighting these changes allows current investors to make informed decisions about their holdings during this transitional period.
Overall, this podcast episode serves to provide essential updates and clarity on topics specifically aimed at informing stakeholders interested in the Iraqi dinar’s financial landscape, particularly as it pertains to emerging digital currency initiatives within the country. The emphasis on beneficial changes and the creation of trust aligns with a broader vision of economic empowerment for individuals in Iraq and beyond. As digital currencies become increasingly prevalent, understanding their implications—and discerning between retail and wholesale applications—will be vital for savvy investors and citizens alike.
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