AJ : The Iraqi official added that fundamental changes will take place in the banking and financial systems, 11 APRIL

 AJ 

The Iraqi official added that fundamental changes will take place in the banking and financial systems, including the limited use of paper notes, as they will be replaced by digital currencies in transactions between central banks.

It’s obvious from the steady stream of articles detailing their plan to replace paper notes that they’re serious about this shift. It doesn’t make sense to think they’d spend $250 million printing new lower-denomination notes just to destroy them.

I’m convinced they’re much further along in transitioning to digital currency than some might assume. I’ve also seen firsthand how quickly digital adoption can take off. 

My husband’s company runs a mobile banking app in a country very similar to Iraq...when we launched, 90% of the population had never used one. Now, millions are on board, and it didn’t take long at all.

Read full Article April 10th The governor of the Central Bank of Iraq (CBI), Ali Al-Alaq, said that digital currencies will help transform Iraq’s conventional banking system. Al-Alaq clarified during the Conference on Reforming the Iraqi Banking Sector that the CBI wants to establish an advanced economy and emphasized the need for more funding for artificial intelligence research and development. Al-Alaq explained that digital currencies have the potential to transform the conventional banking system, noting that the CBI has declared its willingness to carry out a plan for banking sector reform, the Iraqi. In collaboration with the international consulting company Oliver Wyman, the CBI announced an extensive reform strategy designed to make the country’s private banking industry a robust, innovative, and expansion-oriented system. Al-Alaq revealed in late February that the CBI is planning to create a digital currency to replace paper notes in transactions with central banks. The Iraqi official added that fundamental changes will take place in the banking and financial systems, including the limited use of paper notes, as they will be replaced by digital currencies in transactions between central banks.

KAPERONI: The digital transformation in Iraq is only for them! @DINARREVALUATION #iraqidinar

 

US Trade Delegation: Iraq Represents a Promising Investment Market, 11 APRIL

 US Trade Delegation: Iraq Represents a Promising Investment Market

Mawazine News – Baghdad

The head of the visiting US trade delegation to Iraq, Steve Lutes, affirmed on Tuesday that Iraq represents a promising market for investment, and that American companies are looking forward to cooperation opportunities in various sectors, with a focus on creating job opportunities for Iraqi youth and contributing to the development of infrastructure and vital services. 

The media office of the Speaker of Parliament said in a statement received by Mawazine News: “The Speaker of the Iraqi Parliament, Mahmoud Al-Mashhadani, received at the Presidential Palace in Baghdad the Chargé d’Affaires of the US Embassy to Iraq, Daniel Rubinstein, accompanied by a large economic delegation from the American Chamber of Commerce, 

including representatives of 57 American companies, headed by Steve Lutes, and a number of company presidents and investors, within the framework of the American Chamber of Commerce Economic Conference held in Iraq.” 

The statement added that “at the beginning of the meeting, Al-Mashhadani welcomed the American delegation,” stressing that “Iraq welcomes all initiatives that contribute to developing its economy and strengthening its international partnerships, especially with the United States of America, which represents one of the most important strategic partners in various fields.”

The Speaker of Parliament stressed, according to the statement, “the critical importance of investment in Iraq, especially in vital and strategic sectors such as oil and electricity, which represent the backbone of the Iraqi economy.” He emphasized “the need to stimulate investment in the agricultural and industrial sectors, in addition to service sectors that are relevant to the lives of Iraqi citizens, such as the environment, education, and health.”

Al-Mashhadani explained that “the Iraqi Parliament has enacted an investment law that provides a safe and stimulating legal environment for investment, protects the rights of investors, and encourages transparency and equal opportunities.”

 He pointed out that “Parliament, as the ‘house of the people,’ ensures a decent and safe life for citizens and works closely with the government through effective coordination mechanisms to support development projects and facilitate the entry of investments.”
Al-Mashhadani stressed, according to the statement, that “the Iraqi Parliament strongly supports the signing of bilateral agreements with friendly countries, as this contributes to stimulating economic activity, attracting more foreign investment, and creating new job opportunities that contribute to reducing unemployment and enhancing economic stability.”
The statement continued, “Daniel Rubinstein, Chargé d’Affaires at the US Embassy in Baghdad, expressed his happiness with this meeting, stressing his country’s commitment to supporting Iraq in its path towards economic development and stability, and strengthening the partnership between the American and Iraqi private sectors.”
For his part, the head of the US trade delegation, Steve Lutes, stressed that “Iraq represents a promising market for investment, and that American companies are looking forward to cooperation opportunities in various sectors, with a focus on creating job opportunities for Iraqi youth and contributing to the development of infrastructure and vital services.”
The statement concluded that “the meeting comes within the framework of the Iraqi state’s efforts to support economic openness and expand its investment relations with international partners, in a way that enhances sustainable development and provides a stable and attractive environment for investment in various sectors.”

https://www.mawazin.net/Details.aspx?jimare=260650

TIDBIT FROM MILITIAMAN, 11 APRIL

  Militia Man 

 They're talking about launching the digital dinar. 

 Alaq talked about financing major projects.  It becomes a lot cheaper from 1310 to finance projects at whatever their new effective exchange rate is.

 It's going to be a lot cheaper.  They all know that.  The whole world knows that.

MARKZ: THE WHITE PAPERS WILL ADD VALUE TO THE IRAQI DINAR #IQD #iraqidinarinvestor #iraq

 

Iraq announces November 11 as date for key legislative elections, 11 APRIL

Iraq announces November 11 as date for key legislative elections

ERBIL, Kurdistan Region – The Iraqi Council of Ministers on Wednesday set November 11 of this year as the date for Iraq’s upcoming legislative elections, a day after the ruling Shiite-led Coordination Framework rejected delaying them and urged the government to begin laying the groundwork for the key ballot.

Iraqi Prime Minister Mohammed Shia’ al-Sudani’s office said in a statement on Wednesday that “the cabinet voted to set November 11, 2025, as the date for holding the legislative elections.”

The decision came a day after the ruling Shiite-led Coordination Framework, in a statement it issued on Tuesday, underscored the “need to hold the legislative elections on their scheduled date at the end of this year,” stressing that “no party has the right to delay the elections or cancel the timelines set for the electoral process.”

The Coordination Framework further urged the Sudani government to “prepare the necessary electoral atmosphere, provide the security requirements for the elections” and “give the Independent High Electoral Commission [IHEC] the support it needs to ensure the success of the [electoral] process and guarantee their integrity.”

Of note, the IHEC is an independent body responsible for overseeing and organizing elections in Iraq and ensuring their fairness, integrity and transparency by managing voter registration, election monitoring, and announcing final results.

The Coordination Framework’s remarks came amid reports from local Iraqi media that the Shiite-led bloc’s rival National Shiite Movement – led by Iraqi Shiite cleric and politician Muqtada al-Sadr – was pushing for postponing the key vote and forming an emergency government.

Of note, Sadr announced in late March that the movement he leads, formerly known as the Sadrist Movement, will sit out the 2025 legislative elections in protest of “corruption.”

Senior Coordination Framework figure and head of the Iraqi State of Law coalition, Nouri al-Maliki, on Monday warned that “any postponement of cancellation of the [legislative elections]” would lead to a “collapse” of the Iraqi parliament and put Iraq on a path toward “division and strife.”

https://www.rudaw.net/english/middleeast/iraq/09042025

TIDBIT FROM MNT GOAT, 11 APRIL

 Mnt Goat   

Article:  “IRAN-BACKED MILITIAS IN IRAQ ARE READY TO DISARM FOLLOWING TRUMP’S THREATS” 

 Do you know just how good this news really is?... 

we have been waiting for this kind of news since these Iranian militia...first entered Iraq in 2014 to fight ISIS. ..in today’s new we find this justice with Nori Al-Maliki is coming much sooner than most think...

If this isn’t a WOW! WOW! WOW! article I don’t what is…