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VERY INTERESTING .!!! Why the CBI is publishing this information now? Maybe they are educating the people for when the time comes to swap the old notes for the new Lower Denomination notes. What do you guys think about this? Central Bank of Iraq is pleased to present the Iraqi banknotes in circulation. This technical leaflet highlights the security features and aims to be a guide to the public as well as to companies and commercial banks handling cash on a daily basis. In addition to the enhanced security features, the banknotes include raised printings to facilitate tactile recognition of the denominations by visually impaired users. We encourage you to take your time to famil- iarize yourself with our banknotes and share the information with those around you. The current series of banknotes will be in circulation alongside the old banknotes, and there is no intention to withdraw the older banknotes from circulation. The primary objectives of the Central Bank of Iraq (CBI) are to ensure domestic price stability and foster a stable competitive market based financial system. The CBI shall also promote sustainable growth, employment and prosperity in Iraq. The headquarter of the Central Bank of Iraq is in Baghdad and has three branches: Basra, Mosul, and Erbil. Iraqi banknotes are characterized by the most sophisticated security features and the high- est quality of security paper. Any attempt to produce, hold or pass counterfeit banknotes is a criminal offence and there will be severe legal punishments for such acts. Counterfeit banknotes must be surrendered to the police or the Central Bank of Iraq Go end of electronic platform for the dollar Go delete of 000 Go LD notes Go stronger Dinar

This is good news and interesting timing.! They have been talking about the launch of Riyada Bank since May 2023. Here’s the Article. The Governor of the Central Bank, Ali Al-Alaq, announced today, Saturday, the initiation of establishing the Riyada Bank for Social Development, while confirming that the bank will provide the necessary support for the establishment of the bank . Al-Alaq said, in his speech during the annual Iraqi banking conference, which was attended by the correspondent of the Iraqi News Agency (INA), that "within the framework of the Central Bank's endeavor to support the Iraqi economy and the private sector and stimulate the banking sector, we are currently working on completing new projects, including: First: establishing Riyada Bank For social development in line with the government’s orientation and the Prime Minister’s directives to support youth and owners of small and medium enterprises. Secondly: the launch of the Prime Minister’s initiative for development and employment leadership, and this will be the first source in Iraq that cares about vulnerable groups, especially those with limited income, women and owners of small and micro projects, as well as owners of innovation and entrepreneurship business and granting them soft loans and simple guarantees, because of their great impact in reducing unemployment and poverty rates . He added that "the Prime Minister launched a while ago his initiative to support youth, which is a pioneering initiative for development and employment," calling on banks to "contribute to the establishment of a pioneering bank for social development because of its social and economic dimensions, and its contribution to increasing the percentage of the non-oil economy. I SEE PROGRESS >>>

“The head of the Parliamentary Finance Committee, Atwan Al-Atwani, announced on Sunday the determination of a "national path" to resolve the oil disputes between Baghdad and Erbil, noting that the committee is preparing a report on amending one of the articles in the General Budget Law” I believe the article they want to amend refers to what percentage of the budget is going to the Kurdistan Region. From another article. The international judicial decision, in addition to the Federal Court decision, stipulated that the oil would be owned by everyone, meaning that the authority over this wealth would be in the hands of the federal government in Baghdad." According to the 2005 Constitution of Iraq, oil and gas are owned by all the people of Iraq.. Then we have the international judicial decision and also the Federal Court decision. So the issue of oil and gas and the legislation of the law related to it will be unnecessary, especially since the judicial decision made the oil revenues under the authority and supervision of the Federal Government, Baghdad .

I don’t believe the information in the article above is true. We know Iraqi people can’t use the dollar since 1-1-24. They have to use dinar for daily transactions. We know they can get 5% to 7% annually in interest for saving accounts. Ask yourself this question; Why in the hell they want to continue hoarding cash under the mattress? They may not trust the banking system but they are not stupid. From another article. “The Prime Minister's Advisor for Financial and Economic Affairs, Mazhar Muhammad Salih, confirmed on Saturday that financial inclusion in Iraq, represented by bank accounts, has risen to 14 million, with 20 million users, while he pointed out that Iraq is witnessing a boom in adopting e-governance as a basis for integrity and financial efficiency” "national indicators confirm that financial inclusion in Iraq has increased from 20% to 48% at the present time compared to previous years," explaining that "the reason is due to two main factors, which are the localization of salaries of employees, workers, retirees and social care, and the other is the spread of digital payments or digital financial inclusion“ Go end of electronic platform for the dollar Go financial inclusion Go stronger dinar 👊🏼

14 million bank accounts represent 35% of the population. I see Progress >>> Go financial inclusion Go e-Banking Go Stronger Dinar

I have the same feeling. Hope we are right. Fingers crossed 🤞🏼 “After the decision to cancel the platform.. Will we witness a crazy rise in dollar prices in Iraq” Not if they RV equal or higher than the dollar. will be an easy transition to the Iraqi people and real purchasing power Go 2025 Go Stronger Dinar 👊🏼 Go $1:1

Central banks use a variety of methods to limit exchange rate manipulation, including: Foreign exchange intervention A central bank can buy or sell a currency in the foreign exchange market to control exchange rate volatility. For example, a central bank can sell foreign exchange reserves to stabilize markets during a capital outflow. Adjusting interest rates The central bank can increase or decrease the discount rate that banks pay on short-term loans to increase or decrease the liquidity of the banking system. Altering reserve requirements Central banks can adjust reserve requirements to stabilize the exchange value of their currency. Setting exchange rates Central banks can set exchange rates to stabilize the exchange value of their currency. Introducing taxes or negative interest rates Central banks can introduce taxes or negative interest rates to discourage the public from holding a particular currency. Sterilized intervention Central banks can conduct a non-sterilized intervention to influence the exchange rate, then "sterilize" the effects on the monetary base. Go end of electronic platform for the dollar Go new exchange rate Go Purchasing power

For those reasons the currency window for the dollar must end ASAP.

"The international judicial decision, in addition to the Federal Court decision, stipulated that the oil would be owned by everyone, meaning that the authority over this wealth would be in the hands of the federal government in Baghdad." According to the 2005 Constitution of Iraq, oil and gas are owned by all the people of Iraq.. Then we have the international judicial decision and also the Federal Court decision. So the issue of oil and gas and the legislation of the law related to it will be unnecessary, especially since the judicial decision made the oil revenues under the authority and supervision of the Federal Government, Baghdad .

Sorry posted twice.

“The Governor of the Central Bank, Ali Al-Alaq, announced today, Monday, that the monetary situation in Iraq is at its best, and while he indicated that external transfers for trade purposes are proceeding smoothly after the implementation of the new system, he confirmed the existence of agreements with 4 companies to launch a new mechanism for travel or treatment transfers, and he also confirmed that the transition from the electronic platform stage is not sudden as is being circulated, but rather gradual and the process began in 2024 and 5% remains and will be completed within the next two weeks.” “Regarding providing remittances to citizens for various purposes, such as travel, treatment, or any legitimate remittances abroad, Al-Alaq confirmed: “Next year, we will launch a new method to expand and enhance these operations, just as we did for commercial remittances.” He pointed out that "there are also current agreements with the relevant companies such as (Visa, Mastercard, MoneyGram, Western Union) to establish a new framework for implementing these operations, which will constitute another shift in controlling these operations." Go end of electronic platform Go free market economy Go stronger dinar

Hope this is true. Because the Barzani and Talibani families want to run the oil business in Kurdistan region as their own business. “August last year, when Iraqi Prime Minister, Mohammed Al-Sudani, clear stated that the new unified oil law -- run, in every way that matters, out of Baghdad -- will govern all oil and gas production and investments in both Iraq and the Kurdistan region and will constitute “a strong factor for Iraq’s unity”. Go Iraq United Go art 140 Go HCL

Let’s be calm and wait till beginning of 2025 to see what happens after the shutdown of the electronic platform for the dollar at the end of this year. Only a month away….. that’s nothing after more than a decade waiting Keeping my fingers crossed 🤞🏼

The DCO are digital solutions and services that advocates for multilateral partnership and cooperation. It encourages the exchange of knowledge, cultivates digital ecosystems, and enhances capabilities for effective digital government transformation. The platform aims to catalyze the adoption of digital solutions across the DCO ecosystem to facilitate more efficient government operations and service delivery. It also aims to foster economic growth, innovation, investment attraction, and job creation, in addition to contributing to accelerating progress towards achieving the UN’s Sustainable Development Goals. Also promotes stronger diplomatic relations for the exchange of technological innovations, enriching the global community. All I can say is…… I see Progress >>> Go Iraq 🇮🇶 Go digital transformation Go open market economy Go stronger dinar