MAJEED: The relationship between the Iranian Toman and the Iraqi Dinar is inverse!! #iraqidinar

 

Prime Minister's Advisor: The Central Bank Is Moving Towards Issuing A Digital Currency As A Gradual Alternative To Paper Currency, 2 MARCH

 Prime Minister's Advisor: The Central Bank Is Moving Towards Issuing A Digital Currency As A Gradual Alternative To Paper Currency

Saturday 01 March 2025 10:49 | Economic Number of readings: 373    Baghdad / NINA / The financial advisor to the Prime Minister, Mazhar Mohammed Salih, announced today, Saturday: "The Central Bank is moving towards issuing a digital currency, as a gradual alternative to paper currency," explaining the benefits of issuing a digital currency specific to the Central Bank, while indicating that its issuance will represent a qualitative leap in the national payment system and enhance transparency.

Salih said, according to the official agency: "This step will achieve many benefits, including reducing cash leakage, reducing printing costs, and limiting the circulation of paper currency outside the banking system, in addition to reducing the need to print money repeatedly, which reduces the costs associated with its production and distribution, in addition to enhancing transparency and control over financial flows and the ability to track digital liquidity and spending trends, whether consumer, savings, or investment, in addition to improving control over capital and foreign transfers, and supporting efforts to combat money laundering."

He pointed out: "Digital currencies contribute to achieving financial inclusion, especially for the groups least integrated into the banking system, which contributes to enhancing economic and social integration."

He noted that: "The transition to digital currency requires a strong technical infrastructure, including reliable and advanced internet networks, advanced cybersecurity systems to protect data and transactions, as well as promoting a culture of societal acceptance of digital currencies, starting with government agencies, through their use in collection operations and official transactions."

The advisor stressed: "Digital cash will maintain its traditional functions as a unit of account, payments and savings, with the possibility of using it over the internet and smartphones, which contributes to the development of a more stable and efficient financial environment."  https://ninanews.com/Website/News/Details?key=1189385

FIREFLY UPDATE , 2 MARCH

  Frank26  

 [Iraq boots-on-the-ground report] 

 FIREFLY: Kuwait is the size of a state inside of Iraq and their currency is the strongest.   But not for long. 

 FRANK:  I love your attitude these last few days buddy!  IMO the Iraqi dinar is soon to swallow the Kuwait currency let alone all of the currencies in the Middle East and possibly in the world.

NADER FROM MID EAST: I’m speaking my mind if you lake or not feel with it

Prime Minister's Advisor: The Central Bank Is Moving Towards Issuing A Digital Currency As A Gradual Alternative To Paper Currency, 2 MARCH

 Prime Minister's Advisor: The Central Bank Is Moving Towards Issuing A Digital Currency As A Gradual Alternative To Paper Currency

Saturday 01 March 2025 10:49 | Economic Number of readings: 373  Baghdad / NINA / The financial advisor to the Prime Minister, Mazhar Mohammed Salih, announced today, Saturday: 

"The Central Bank is moving towards issuing a digital currency, as a gradual alternative to paper currency," explaining the benefits of issuing a digital currency specific to the Central Bank, while indicating that its issuance will represent a qualitative leap in the national payment system and enhance transparency.

Salih said, according to the official agency: "This step will achieve many benefits, including reducing cash leakage, reducing printing costs, and limiting the circulation of paper currency outside the banking system, in addition to reducing the need to print money repeatedly, 

which reduces the costs associated with its production and distribution, in addition to enhancing transparency and control over financial flows and the ability to track digital liquidity and spending trends, whether consumer, savings, or investment, in addition to improving control over capital and foreign transfers, and supporting efforts to combat money laundering."

He pointed out: "Digital currencies contribute to achieving financial inclusion, especially for the groups least integrated into the banking system, which contributes to enhancing economic and social integration."

He noted that: "The transition to digital currency requires a strong technical infrastructure, including reliable and advanced internet networks, advanced cybersecurity systems to protect data and transactions, as well as promoting a culture of societal acceptance of digital currencies, starting with government agencies, through their use in collection operations and official transactions."

The advisor stressed: "Digital cash will maintain its traditional functions as a unit of account, payments and savings, with the possibility of using it over the internet and smartphones, which contributes to the development of a more stable and efficient financial environment."  https://ninanews.com/Website/News/Details?key=1189385

Ariel (@Prolotario1): Will the IQD Rate Change be Immediate?, 2 march

 Ariel (@Prolotario1): Will the IQD Rate Change be Immediate?

Ariel

G’, it’s almost like I have been telling people that the revaluation of the Iraqi Dinar is for the ‘New Republic’ that basically starts on March 4th with an address from the president on that day with Kurdistan & Baghdad signing remaining paperwork and resuming oil exports through SOMO.

Why out of all these years you have been waiting that they decided to have this meeting on the exact day of the original inauguration day? Why do you think Donald Trump is closing 100s of IRS offices? Because he doesn’t want your capital gains going towards an agency that will not exist after 2025. I told you all and I will say it again D. Trump is going to put his foot down on March 4th.

After that day you might as well prepare for the fallout. Because it’s going to come fast. C********n will be boxed in and have no choice but to show itself for the beast it is. And as I explained once the IQD reinstatement occurs Israel will become a shell of its former self. Peace in the Middle East will expose the the domestic t*******t in our media, government, and banking industry.

Regarding the rate change. Will it be immediate? Unlikely. The CBI would need time to evaluate oil revenue projections and consult with the government, which has previously locked rates for multi-year periods (e.g., until 2025 per a 2021 parliamentary statement).

A decision might take days to weeks, with an announcement possibly delayed to mid-March or later to ensure data alignment. That said, if political momentum from the meeting is strong and Trump’s rhetoric signals U.S. support Iraq could expedite the process, perhaps signaling intent within days (e.g., March 5-7) and formalizing it later.

In short, I’d expect a new exchange rate release to follow days to a couple of weeks after March 4, not immediately, as Iraq balances oil-driven economic gains with currency stability needs. Keep an eye on CBI statements and parallel market trends post-meeting for clues. What are your thoughts on how these pieces might fit together?

I just love that it will be on ot after March 4th because we will get to keep our money. Because once they resume there is no going back after that. And we will have our ROI.

FNU LNU : There is a hold on the RV for an unspecified amount of time! ‪@DINARREVALUATION‬ #iraqidinar