Tuesday, April 22, 2025
FRANK26: "LOWER DENOMS COMING TO LIFE... VIRTUALLY.", 22 APRIL
KTFA
FRANK26: "LOWER DENOMS COMING TO LIFE... VIRTUALLY.".....F26
The Central Bank launches the virtual bank project.
The Central Bank of Iraq announces its adoption of a project to launch a virtual bank in Iraqi universities. This is the first virtual bank to be established in an Iraqi university. The first phase will be held at Al-Muthanna University, which hosted a comprehensive exhibition held on the sidelines of the second scientific conference "Artificial Intelligence and Labor Market Requirements." The conference was organized by the University's College of Administration and Economics, in cooperation with Mansoura University of Egypt, the Central Bank of Iraq, the Muthanna Chamber of Commerce, and the Muthanna Chamber of Industry.
The exhibition included pavilions representing a group of banks and companies, as well as displays of fine art and heritage.
The virtual bank project aims to provide students and graduates with practical experience in banking, preparing them to develop human resources capable of meeting the needs of financial institutions. It also aims to provide students with practical experience by simulating the work of financial institutions and adopting international best practices. It also aims to encourage financial institutions operating in Iraq to access and expand financial services to all geographical regions of Iraq, with the aim of strengthening financial inclusion plans.
The exhibition included pavilions representing a group of banks and companies, as well as displays of fine art and heritage.
The virtual bank project aims to provide students and graduates with practical experience in banking, preparing them to develop human resources capable of meeting the needs of financial institutions. It also aims to provide students with practical experience by simulating the work of financial institutions and adopting international best practices. It also aims to encourage financial institutions operating in Iraq to access and expand financial services to all geographical regions of Iraq, with the aim of strengthening financial inclusion plans.
Central Bank of Iraq
Media Office
April 20, 2025
Media Office
April 20, 2025
BROTHER TECHNOLOGY: Iraq clearly has enough monetary power to buy back all their currency off the streets, 22 APRIL
BROTHER TECHNOLOGY
People if you’re not willing to read to enhance your futures YOU WILL BE CONSTANTLY ENDING ON THE SHORT END OF THE POLE.
On 4/2/25 the pm advisor publicly announced to the whole world 
that Iraq clearly has enough monetary power to buy back all their currency off the streets in an indirect manner he spoke.
Now today it’s reiterated
Shafaq News/ Iraq’s foreign currency reserves remain sufficient to fully back the national currency in circulation, the prime minister’s financial advisor revealed on Monday.
Advisor Mudhhir Muhammad Salih told Shafaq News, “The reserves are adequate to cover three months’ worth of imports, indicating overall stability,” stressing that effective external use of foreign reserves—by balancing the need to maintain the dinar’s external purchasing power and exchange rate stability with efficient reserve management—is a core objective of Iraq’s independent monetary policy.
The Central Bank of Iraq reported on March 31 that net foreign reserves stood at 130.81 trillion dinars in 2024, down 10.18% from 145.64 trillion dinars in 2023. The central bank attributed the decline to rising domestic public debt used to cover the actual budget deficit.
The Central Bank launches the virtual bank project., 22 APRIL
The Central Bank launches the virtual bank project.
The Central Bank of Iraq announces its adoption of a project to launch a virtual bank in Iraqi universities. This is the first virtual bank to be established in an Iraqi university. The first phase will be held at Al-Muthanna University, which hosted a comprehensive exhibition held on the sidelines of the second scientific conference "Artificial Intelligence and Labor Market Requirements."
The conference was organized by the University's College of Administration and Economics, in cooperation with Mansoura University of Egypt, the Central Bank of Iraq, the Muthanna Chamber of Commerce, and the Muthanna Chamber of Industry.
The exhibition included pavilions representing a group of banks and companies, as well as displays of fine art and heritage.
The virtual bank project aims to provide students and graduates with practical experience in banking, preparing them to develop human resources capable of meeting the needs of financial institutions. It also aims to provide students with practical experience by simulating the work of financial institutions and adopting international best practices.
It also aims to encourage financial institutions operating in Iraq to access and expand financial services to all geographical regions of Iraq, with the aim of strengthening financial inclusion plans.
Central Bank of Iraq
Media Office
April 20, 2025 link
CRYPTO TRADER UPDATE, 22 APRIL
CRYPTO TRADER
#IQD Iraq’s dinar solid: Reserves fully back currency. Second time he said this in the last month.
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Iraq’s dinar solid: Reserves fully back currency ------ Twice in the last month he said this.
#IQD Baghdad May Act Unilaterally on Oil Advisor After Deadline Passes, Lawmaker Warns Disputes Stall Kurdistan Oil Export Deal Despite Budget Law Amendments; Deadline for Cost Assessment Passes Without Consensus A trilateral meeting was convened in Erbil on Sunday among representatives of the Iraqi Ministry of Oil, Kurdistan Regional Government (KRG), and the Association of the Petroleum Industry of Kurdistan (APIKUR) to address critical issues concerning the Kurdistan Region's oil sector, with a primary focus on resuming oil exports. Omid Sabah, Chief of Staff of the KRG Council of Ministers, stated that discussions involved the operational activities of oil companies and explored mechanisms to facilitate the restart of exports. The meeting also considered the challenges and proposals presented by these companies to create a conducive environment for resuming oil exports promptly. Despite the Iraqi Parliament's approval of amendments to the federal budget law on February 2, 2025, particularly Article 12 concerning the resumption of Kurdistan's oil exports, disagreements between the federal government and the KRG have hindered the implementation of these provisions. The amendments stipulate that the federal Ministry of Finance will compensate the KRG for production and transportation costs of oil delivered to the State Oil Marketing Organization (SOMO). An international technical advisory body, to be appointed jointly by the federal and regional governments, was tasked with determining the fair cost of production and transportation for each oil field within 60 days of the law's enactment. However, this deadline has passed without an agreement, prompting concerns from Iraqi lawmakers. Adnan al-Jaberi, Deputy Chairman of the Iraqi Parliament's Oil and Gas Committee, emphasized that the 60-day period to select a consulting firm has expired without consensus. He noted that, in the absence of agreement, the federal government reserves the right to unilaterally appoint the advisory body. Meanwhile, oil production companies operating in the Kurdistan Region have expressed skepticism toward the Iraqi Ministry of Oil. These companies demand the settlement of outstanding payments for past production, advance payments, and future guarantees as prerequisites for resuming export operations. The halt in oil exports since March 2023, following a ruling by the International Chamber of Commerce in Paris, has significantly impacted the Kurdistan Region's economy, leading to delays in public sector salaries and reductions in essential services. Baghdad is under increasing pressure to resolve these disputes to restore financial stability and economic growth across Iraq. As negotiations continue, the resumption of oil exports remains contingent upon resolving contractual disagreements, ensuring fair compensation for production and transportation costs, and rebuilding trust between the federal government and oil companies operating in the region. Kurdistan24
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