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Here's an article of Dinarian interests... Economic Crisis & The Digital Dinar. Treat as a rumor. Not verified. Your opine. TNT via Tishwash: Iraq Confronts Economic Crises With The "Digital Dinar." The Parallel Market Is Threatened With "Extinction." ARTICLE: The CBI is preparing to launch the Digital Dinar, marking the transition to digital currency management. The Digital Dinar is a digital currency issued by the central bank, officially part of a country's monetary system. It is similar in value to the traditional Dinar, but is traded electronically via Digital Wallets or approved financial applications. It facilitates instant money transfers within the country or across borders, reduces the logistical burden of issuing paper or metal currency & enables broader segments of society to access digital financial services. This project comes in light of the significant economic challenges facing Iraq, such as its heavy reliance on paper money & the phenomenon of hoarding. The Digital Dinar aims to address these challenges by providing a safe & effective digital alternative to paper money. The CBI Gov Ali Al-Alaq had previously stated during a speech he delivered at the Finance & Banking Conference & Exhibition that "the financial & banking system will witness fundamental transformations, including the decline of paper currencies & their replacement by digital payments for central banks." He explained that "the CBI is moving to create its own digital currency, which will gradually replace paper transactions, as is the case with some central banks around the world." Mazhar Saleh Mohammed, the PM's advisor for financial & banking affairs & former deputy governor of the CBI, highlighted the importance of the Digital Dinar & its relationship to the Dollar ER in local markets. Speaking to Al-Eqtisad News, Mohammed emphasized that the Digital Dinar is a global trend in the development of payment systems, particularly in the description of monetary units that will acquire digital rights bearing the same legal acquittal force issued by the monetary authority as banknotes in acquitting debts, as they are units of account, exchange & storage of value within the digital economic community and via a highly sophisticated, rapid & accurate information system. He added that these monetary units will be used with high transparency to cover various real transactions of goods & services, as well as to settle small & large obligations. He noted that all exchange transactions will be transparently recorded between traders, up to the point of purchasing a loaf of bread, under the supervision of the monetary authority, thus ending the ambiguous or illegal uses of money once and for all. Regarding the digital dinar's relationship to exchange rates, Al-Sudani's advisor explained that the official ER will be the prevailing & sole rate, the digital ER adopted by monetary policy. The parallel market will disappear in its current form, as it is difficult to invent a secondary digital market whose operations operate outside the control of the digital monetary authority. However, usurious digital markets may emerge among the same traders. He pointed out that the digital cash system provides the banking system with sufficient digital cash liquidity to grant loans without the risk of liquidity risk within banking markets. This encourages investors to borrow easily, increases economic growth levels & promotes sustainable development. It also facilitates access to global digital exchanges for global payments & settlements. "Introducing digital currency requires two things," according to the PM's advisor. He explained that the 1st is a high level of public awareness of the digital monetary system, while the second is the availability of an advanced information, communications & data technology infrastructure that evolves continuously over time. He pointed to the need for a legal infrastructure to protect digital currency transactions, particularly in protecting users' rights to their income and wealth, which cybersecurity provides against any dangerous digital breaches. Many questions are being raised about the Digital Dinar & its differences from cryptocurrencies, which economic expert Ziad Al-Hashemi answers. Al-Hashemi points to a "significant difference" between digital currencies and cryptocurrencies: "The former are issued & regulated by central banks, such as the Digital Dollar & the digital Dirham, while cryptocurrencies such as Bitcoin are not subject to any official authority and their value depends on supply & demand, making them highly volatile." The Digital Dinar, it will be the sole entity controlling the issuance & distribution of the digital currency, facilitating oversight & preventing financial crimes, unlike cryptocurrencies, which operate on a decentralized system that is difficult to control. He pointed out that the Digital Dinar will be fully backed by the central bank & have a relatively stable value, similar to paper currency. However, it will be traded electronically only through bank accounts and wallets, contributing to reducing the use of paper money, achieving financial inclusion & reducing reliance on the Dollar in daily transactions. Al-Hashemi noted that the primary goal of this step is to eliminate the phenomenon of cash hoarding, whereby citizens keep large sums of money outside banks due to lack of confidence in the banking system. This hinders the flow of funds and negatively impacts economic activity. If the project is implemented well, the Digital Dinar could help disburse hoarded liquidity & stimulate lending & credit.

Here's some articles of Dinarian interests... Direct From The SANDBOX Report. -A Plan To Launch An Industrial Zone At Grand Faw Port. -CBI: Iraq Is Prepared To launch Digital Dinar. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: Iraqi Ports: Plans To Establish An Industrial Zone & Large Companies At The Grand Faw Port. ARTICLE: The Iraqi General Ports Company confirmed on Wednesday that it has reached advanced stages of contracting with an int'l company to manage & operate the Faw Port. It also indicated that a large package of projects will be announced at the Faw Port, similar to the refinery package. The Director of the Iraqi Ports Company, Farhan Al-Fartousi, told the Iraqi News Agency (INA): “The fixed portion of the submerged tunnel will soon be 100% completed. It will consist of two outbound lanes & two return lanes connected externally to the highway and internally to the submerged tunnel.” He explained that “the submerged portion consists of 10 concrete blocks, 11 meters high, 34 meters wide & 126 meters long, weighing 45,000 tons. These blocks were entirely poured into a special basin called the Submerged Tunnel Basin.” He added, “After the sections were constructed, they were inspected & prepared. Then, the flotation process began, i.e., lifting them with water & transporting them to the designated location. Then, the process of submerging & connecting them to the fixed sections began.” He explained that “our staff and the companies working with us—the Italian company Technical, which supervised the project, the Korean company Daewoo, which implemented the project & the Dutch company specializing in such work worldwide—were able to connect the 1st section & place it in place. They opened it to the fixed section & it became part of the tunnel. We toured & were present at this section, while at the same time, the staff began floating the 2nd section until it was fully formed. After the ten sections are connected, the tunnel will be complete & ready to operate across both banks, whether from Um Qasr to Al-Faw or vice versa.” Al-Fartousi further explained that “very advanced stages have been reached to contract with a scientific company to manage & operate the port. We are awaiting the consulting company’s opinion on the contracting mechanism, regulations & other details. After that, the file will be presented to the Supreme Committee for approval & we will proceed with the contract.” Al-Fartousi pointed out that “there is a large package of projects, including the naval base project, which will be contracted within a month or a month and a half, followed by the liquefied natural gas (LNG) terminal project. This is in addition to the large project, which is a refinery within the port complex & a petrochemical plant. Contracts have been signed by the Ministry of Oil & we are following up on this file, which will be operational soon.” He added, “We have a plan to establish an industrial zone & there are correspondences & companies interested in entering this large project. A large package of projects similar to the refinery package will soon be announced in the port of Faw.” -Iraq Is Preparing To Launch The Digital Dinar… A Step Towards A Cashless Economy! The CBI is preparing to launch a national digital currency as part of a gradual shift toward a digital financial system aimed at reducing the use of paper money & enhancing transparency & financial inclusion. The initiative relies on modern payment technologies & seeks to reduce transaction costs & combat money laundering. Despite the lack of adequate digital infrastructure. The CBI, meanwhile, reiterates its rejection of cryptocurrencies, deeming them illegal & warns against the activity of fictitious trading companies in the local market. The Gov of the CBI, Ali Al-Alaq, revealed that the country’s financial & banking system is undergoing fundamental transformations, most notably the gradual decline in the use of paper currency in favor of digital payments. During his speech at the Ninth Finance & Banking Conference and Exhibition, Al-Alaq confirmed that the CBI is working to create its own digital currency, which will be gradually introduced as an alternative to paper currency, following the experiences of several global central banks. The CBI announced on December 16 that it would not grant any licenses to stock, metals & cryptocurrency trading companies, warning against the activity of fictitious companies claiming to have official licenses. Despite the growing global spread of cryptocurrencies, Iraq doesn’t appear close to entering this high-risk digital world. According to experts, these digital assets do not represent a real addition to the Iraqi economy, which is primarily based on oil exports & Dollar transactions in global markets. Financial affairs expert Mustafa Hantoush told Al-Mada that “Iraq does not have a legislative or economic environment capable of accommodating these currencies. Rather, they could become a tool for speculation & money laundering in the absence of oversight & regulation.” He pointed out that “dealing in them is limited and informal, via external platforms & offices in neighboring countries, exposing investors to the risk of loss & fraud.” Furthermore, according to Hantoush, cryptocurrencies are not based on real reserves or bank guarantees, making them highly volatile & unreliable in fragile markets such as Iraq’s. According to economic researcher Ziyad al-Hashemi, the initiative to launch the “Digital Dinar” is an attempt to eliminate the chronic problems plaguing the monetary system, but its success remains in doubt. In an interview with Al-Mada, Al-Hashemi explained, “There is a fundamental difference between digital currency & cryptocurrencies. Digital currencies, such as the Digital Dollar or the Digital Dirham, are issued & regulated by central banks & are managed within an official regulatory framework. Meanwhile, cryptocurrencies, such as Bitcoin, operate within a decentralized system that is not subject to any regulatory authority & are highly volatile in value due to their dependence on supply & demand.” Bitcoin was the 1st cryptocurrency, emerging in 2009 as a response to the global financial crisis. It was designed to operate outside the regulatory framework of central banks, making it an attractive tool for some, particularly in digital circles & criminal networks, due to the privacy & speed of money transfers it provides, free from government restrictions. Transactions in Bitcoin are a legal violation, subjecting perpetrators to the provisions of Anti-Money Laundering & Terrorism Financing Law No. 39 of 2015. The bank issued an official statement during the recent Dollar crisis, emphasizing that trading in cryptocurrencies is prohibited & not recognized in the country. Regarding the anticipated Digital Dinar, he points out that “the CBI will be responsible for issuing & circulating it, allowing it to control & monitor financial transactions & contributing to the reduction of financial crimes & making it similar to paper currency in terms of sovereign value, with the difference that its circulation will be electronically only through bank accounts & digital wallets.” Al-Hashemi believes that “the main goal of this step is to reduce reliance on paper Dinars hoarded outside the banking system & advance financial inclusion, as well as to attempt to limit the widespread use of the Dollar in local transactions by enhancing confidence in using the Digital Dinar as an official alternative in daily transactions.” He adds that “the success of this project depends on providing an appropriate environment & strict implementation. If this is achieved, the Digital Dinar could effectively contribute to withdrawing stagnant cash, revitalizing banking activity & stimulating credit, which could positively impact overall economic performance.” However, Al-Hashemi does not hide his pessimism, emphasizing that The CBI currently lacks the basic components needed to ensure the success of this initiative, due to the significant flaws in its monetary policies, the lack of public confidence in the banking system & the recurring political interference in its decisions. He believes that all of these obstacles could make the Digital Dinar a fragile project, suffering from the same problems as the paper Dinar. He concludes by saying, “Ambition alone is not enough. Without genuine reform of monetary policies, strengthening public confidence in banks & distancing politics from the economy, the chances of success of the Digital Dinar remain extremely limited.” Furthermore, Mazhar Mohammed Saleh, economic advisor to the PM, believes that “central banks around the world, including the CBI, are still in the gradual preparation phase for the transition to the world of digital payments as a modern alternative to paper currencies.” This shift, he explains, does not change the essence of money & its basic functions. Rather, it seeks only to improve the efficiency of dealing with it and reduce associated costs, in addition to strengthening financial oversight tools & reducing financial crime & money laundering. Saleh confirms to Al-Mada that “this digital transformation in the monetary system does not mean that money will lose its function as a store of value, a means of payment and receipt, or a tool for unit of account & measurement of rights. Rather, these functions will be fully preserved, but within a more transparent, governed & compliant environment to enhancing the monetary authority’s ability to manage monetary stability using the same monetary policy tools.” Saleh explains that “digital money can expand the scope of banking services to include the poorest & most vulnerable segments of society by facilitating the opening of digital bank accounts. Digital money will be available to all citizens, from the smallest monetary unit to the largest, allowing for instant settlement of transactions without delay or wasted rights or time.” He points out that “providing digital liquidity widely within the banking system, with minimal liquidity risk, will enable low-income groups to obtain immediate & affordable digital loans at a lower cost, given that the funds will remain within the banking system & will not require large reserves or financial hedges. This will optimally leverage the digital credit multiplier, enhancing financing & stimulating economic activity without compromising economic stability or causing monetary inflation, as long as monetary policy tools remain effective.” The economic advisor emphasizes that “implementing this project requires precise & extensive investments in information technology, such as smartphones & social networks, along with the necessity of an advanced digital infrastructure, most notably a reliable internet network, as it is the backbone of the success of digital payments. He also emphasizes the importance of a solid legal structure that protects the rights of users & customers & ensures the security of networks from breaches, within a comprehensive cybersecurity framework that aligns with the rapid development of digital services worldwide.”

Here's some articles of Dinarian interests... -Iraq's Gold Reserves Rise To 17 Trillion Dinars. -Finance Begins Funding Salaries Within Days. -Digital Currency A Qualitative Leap Forward. Treat as rumors. Not verified. Your opine. TNT via Tishwash: Iraq's Gold Reserves Rise To More Than 17 Trillion Dinars. ARTICLE: The CBi announced, on Sunday, that it recorded a growth in its gold reserves by 45.1% in the 4th quarter of 2024 compared to the same quarter of the previous year. The bank stated in a statement today that its gold reserves "increased from 12.29 trillion Dinars in the 4th quarter of 2023 to 17.83 trillion Dinars for the same quarter in 2024 as a result of the increase in the quantity of gold & gold prices. The statement added, "This has many benefits, as it enhances economic & financial stability, protects against risks & is considered an important tool for intervening in the foreign exchange market." -Tishwash: The Federal Finance Will Begin Funding February Salaries For The Region’s Employees Within Two Days. An informed source revealed, today, Sunday (March 2, 2025), that the Federal Ministry of Finance will begin financing the salaries of Kurdistan Region employees within the next two days. The source told Baghdad Today, "The lists sent by the regional government have been audited & the financing of employees' salaries in Kurdistan will begin within the next two days, after all the problems." He added, "The Federal Ministry of Finance will send 950 billion Dinars to finance February salaries, after which the regional government will announce a schedule for disbursing salaries." Yesterday, Saturday (March 1, 2025), a responsible Kurdish source stated that the Ministry of Finance will send February salaries to the region’s employees in the middle of next week, confirming that there is a problem with the agreement between the region & the center. It seems that the source expressed his fear to "Baghdad Today", saying, "The regional government did not abide by the terms of the agreement with Baghdad, and this may cause problems with salaries." Meanwhile, the member of the Kurdistan Justice Party, Ribwar Muhammad Amin, confirmed earlier that the federal banks had expressed their readiness to localize the salaries of Kurdistan employees, presenting the argument to the regional government. -Tishwash: Sudanese Advisor: Digital Currency Is A Qualitative Leap That Improves Oversight & Supports Combating Money Laundering. The financial advisor to the PM, Mazhar Mohammed Salih, praised, on Saturday, the CBI’s move towards issuing a digital currency, considering it a qualitative leap that enhances transparency & control over financial flows, improves oversight of capital & foreign transfers & supports efforts to combat money laundering. Saleh said in a statement reported by the official news agency, and seen by "Al-Eqtisad News", that "the CBI is moving towards issuing a digital currency as a gradual alternative to paper currency," indicating that "this trend represents a qualitative leap in the national digital payments system." He added, "This step will achieve many benefits, including reducing cash leakage, lowering printing costs & 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 & distribution, in addition to enhancing transparency & control over financial flows & the ability to track digital liquidity & spending trends, whether consumption, savings or investment, in addition to improving control over capital and foreign transfers & supporting efforts to combat money laundering." He pointed out that "digital currencies contribute to achieving financial inclusion, especially for groups less integrated into the banking system, which contributes to enhancing economic & social integration." He stressed that "the transition to digital currency requires a strong technical infrastructure that includes reliable & advanced internet networks and advanced cybersecurity systems to protect data and transactions, in addition to promoting a culture of societal acceptance of digital currencies, starting with government agencies, through their use in collection operations & official transactions." He explained that "digital cash will maintain its traditional functions as a unit of account, payments & savings, with the possibility of using it online & on smartphones, which will contribute to developing a more stable and efficient financial environment."

Here's some articles of Dinarian interests... Direct From The SANDBOX Report. -UN Praises Iraq's Efforts In Combating Corruption. -The Future Begins With the Digital Transformation. -CBI: We Are Working To Launch An Digital Iraq Currency. -Iraq & UAE Are In Agreement. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: UN Commends Iraq's Efforts In Combating Corruption & Money Laundering. ARTICLE: The United Nations Office on Drugs and Crime (UNODC) has praised Iraq's efforts in combating money laundering & organized crime, commending the Ministry of Interior's plans and actions to combat various types of crimes. The director of the office in Iraq, Ali Al-Barir, said in a statement to the official newspaper that "there are many types of organized crime, such as drugs, terrorism, money laundering, corruption & human trafficking," praising the measures taken by the Ministry of Interior, including the restructuring of its directorates specialized in combating drugs & organized crime. He added that "Iraq received an American award last year in recognition of its efforts in combating human & drug trafficking, thanks to the high rate of interception & confiscation." Al-Barir stressed that Iraq is making great efforts to combat money laundering & terrorist financing, noting that the continuation of these efforts will have a positive impact & that the UN office will continue to support them. -The Future Begins Now With The Transition To Comprehensive Digital Transformation. Samir Al-Nusairii: With steady steps, the CBI continues to implement the banking reform strategy, one of the main objectives of which is to achieve digital transformation in the banking sector, which the CBI began in 2016 with clear stages included in its 1st, 2nd & 3rd strategies. During the past two years, cooperation between the CBI & the government, with the personal support & follow-up of the PM & the chairmanship of the Digital Transformation Committee, was an essential step to activate & accelerate the transformation to digital government & the transition from a cash economy to a digital economy, focusing on developing payments within Iraq and using technology to improve financial inclusion, developing information technology, establishing digital banks, using artificial intelligence in banking services & using modern technologies in loans, compliance, risk management, combating money laundering & terrorist financing & combating banking fraud. The results during 2023 & 2024 recorded a qualitative leap in the volume of transactions in electronic payment operations & the use of modern banking technologies, as the rate of digital transformation& electronic payment rose to 48.5% compared to 20% in the past years. This is an indicator that confirms the success of the plans and procedures adopted to achieve a major transformation with a distinguished national effort for digital transformation & electronic payment. This joint effort by the cadres of the CBI the government, banks & electronic payment companies has clearly contributed to possessing an advanced infrastructure to implement & accommodate electronic payment tools & various financial services. The banking reform has now entered the phase of transformation to digital banks & the CBI is currently examining & auditing about 70 requests to license new digital banks according to the precise controls & conditions adopted by the CBI. This constitutes a real and promising start for technical banking development in Iraq to bridge the technical gap with the countries of the world in this field. This facilitates the provision of smart banking services, reduces the chances of fraud & corruption & provides important data on the nature of transactions, their control & compliance. Therefore, digital banks are a new stage of digital transformation & banking reform. We hope that the CBI will soon take the 1st step by licensing digital banks that show the results of the examination, audit & study that they are committed to the applicable controls & conditions. In this context, and in confirmation of the CBI's strategy for digital transformation for the next two years. His Excellency the Gov of the CBI confirmed yesterday that the future of digital transformation in Iraq begins now & that the current stage is witnessing a major development in the electronic payment system by increasing the number of ATMs which exceeded 4,000 ATMs, the number of electronic cards issued exceeded 17 million cards & the number of POS devices is about 63,000 devices. The number of credit wallets has also increased & the financial inclusion rate has increased to 40% after it was 20% two years ago. Iraqi banks are today witnessing qualitative transformations in their banking operations, especially with regard to future banks that will transform from traditional entities to smart digital platforms & issue digital financial identities that facilitate financial transactions without the need for banks. The financial & banking system will witness the decline of paper currencies to be replaced by digital payments for central banks & that the CBI is moving to create its own digital currency, to gradually replace the paper process as is happening in some central banks in the world, as well as working to establish a data center in Iraq similar to the major centers in the world, as it is an indispensable part of the digital economy & the basis for artificial intelligence, applications, big data analysis & the Internet & that the CBI has begun steps in this direction. -Gov Of The CBI: We Are Working To Launch An Iraqi Digital Currency. The Gov of the CBI, Ali Al -Alaq, revealed today, Wednesday, the establishment of a digital currency of the CBI to gradually replace the paper process. "The financial & banking system will witness fundamental transformations, including the decline of paper currencies to be replaced by digital payments for central banks." He added, "The CBI is moving to create a bank's digital currency to gradually replace the paper process, as is taking place in some central banks in the world." Al -Alaq stressed, "We are seriously thinking about establishing a data center in Iraq and the bank, starting to move on this issue within the steps of digital transformation." -Iraq Agrees With Emirates Islamic Bank To Provide Payment Services In Dirhams. The CBI announced, on Thursday, the signing of a banking agreement with Emirates Islamic Bank to exchange national expertise in the field of Islamic banking. The CBI said in a statement received by "Al-Eqtisad News" that it signed "a banking agreement with Emirates Islamic Bank, which is considered one of the highest-rated Islamic banks & its rating is (A+) according to the international Fitch agency." He added that "thus, Emirates Islamic Bank is a distinctive addition to the banking relations that the CBI has established with advanced regional & int'l banks in recent years." He stressed that "the agreement includes joint cooperation on several axes, the most important of which is the axis of exchanging expertise in the field of developing the Islamic banking sector & providing payment services in the UAE Dirham currency to Iraqi banks & expanding their correspondent accounts network." The statement continued that the agreement includes "cooperation between Iraqi banks & Emirates Islamic Bank, under the supervision & support of the CBI to formulate a mechanism that allows individual customers of Iraqi banks in the near future to invest (partially) in Islamic bonds issued by Emirates Islamic Bank or other issuers with a similar credit rating in the United Arab Emirates." It is noteworthy that the CBI announced in August of last year the start of a new phase of foreign transfer operations in a step aimed at enhancing the diversity of currencies and facilitating int'l transfer operations. This announcement came after reaching an agreement on the mechanisms for regulating dealings in the Euro, the Chinese Yuan, the Indian Rupee, the UAE Dirham & other int'l currencies.

Here's some articles related to Iraq digital banking & economy. Iraq is a slave to oil & gas relying on over 90% of revenues. Going digital is the highest priority. Treat as rumors. Not verofied. Your opine. Tlm724 Administrator Bondlady’s Corner: Association Of Banks: Total Government Electronic Collections Amounted To More Than 418 Billion Dinars. ARTICLE: The Iraqi Private Banks Association announced statistics on the number of electronic payment cards & the total government collection, which it confirmed amounted to more than 418 billion Dinars, while indicating that there are 558 government agencies that have deployed electronic payment tools in their institutions. The Executive Director of the Iraqi Private Banks Association, Ali Tariq, said in a statement to the Iraqi News Agency (INA): “There is great interest & support from the PM to support the Iraqi economy through his support for the private sector,” indicating that “the launch of the electronic collection project comes as a translation of the vision & strategic objectives.” To develop the financial & banking sector in Iraq. He pointed out that “the number of employee cards in Emiratisation services until June 2023 amounted to (8,653,310),” noting that “the number of cards issued (prepaid, debit, credit) until September 2023 amounted to 17,822,988.” From Other Sources: The Highest Priority. Al-Sudani: Economic & Banking Reform Is One Of Our Most Important Priorities. ARTICLE: PM Muhammad Shiaa Al-Sudani confirmed on Thursday that the government has placed the issue of economic & banking reform among its most important priorities. Al-Sudani said in a statement received by Al-Maalouma on the sidelines of his meeting with Andrew Toure, the Regional President of Visa for Central & Eastern Europe, the Middle East & Africa & his accompanying delegation, “The government has placed the issue of economic & banking reform among its most important priorities & it seeks & welcomes cooperation in this field,” noting. To approve the electronic payment system in the Council of Ministers. He praised, "the company's cooperation in expanding electronic payment technology & digital transformation, whether through training workers in Iraq or by contributing to education about the electronic payment process." For his part, Andrew expressed “the desire to continue cooperation with the CBI & all Iraqi banking sector institutions,” noting “Visa’s interest in supporting the Iraqi government’s plans towards electronic payment & economic & banking reform, by introducing advanced solutions & technologies to the market, as well as its readiness to bring expertise, in addition to employing more Iraqis in its office in Baghdad, with the aim of reaching 500,000 acceptance points from electronic payment points of sale in Iraq.” From Other SZources: A Journalist Reveals A Serious Issue Related To The Dismantling Of Industry In Iraq. ARTICLE: Qusay Shafiq revealed a dangerous issue related to the dismantling of industry in Iraq. In a post on his Twitter account, Shafiq addressed the story of the modern paint factory, noting that the process of “blind, corrupt investment, especially the mixed sector, represents a serious problem affecting the national economy.” He referred to the experience of the Modern Paints Company, which was converted into an investment when the current PM, Muhammad Shiaa Al-Sudani, was Minister of Industry. “It is possible to understand how the situation deteriorated after it was converted into a corrupt investment!!” He explained that one of the main reasons for failure is the lack of investor commitment to implement the measures required to revive the company. Instead, the investor took advantage of the opportunity to make quick profits at the expense of the company's resources & the infrastructure. Such as “selling the treasury & dismantling production lines,” which reflects exploitation that only serves the interests of the investor himself. He added, “Warehouses & headquarters were rented to people with connections that raise suspicions about the existence of corrupt practices & abuse of influence.” He also continued, “It failed to implement & monitor the agreement between the government & the investor, as it did not provide sufficient mechanisms to ensure compliance with the investor’s obligations & monitor the proper use of resources.” The scenario to which the Modern Paints Company was subjected also appears, including the plundering, dismantling, and sale of state lands!” Shafiq concluded, “This case should be an important lesson for the government & concerned parties in implementing industrial & investment policies instead of mortgaging state factories and companies into the hands of corrupt investors who exploit the story of industrial development in corrupt partnership contracts with the government.” From Other Sources: Is There Enough Time For The Sudanese Government To Get Out Of The “One-Rent” Prison? ARTICLE: After the major reconstruction campaign led by the Sudanese government in Baghdad & a number of Iraqi provinces, this government began to develop a plan to multiply the country's revenues & remove it from the revenues of the single rent represented by oil. Over 90% of Iraqi revenues depend on oil & natural gas, which is the sole financier of the state treasury, making federal budgets captive to the impact of the rise & fall of oil prices. The 1st sector with multiple revenues for the country is energy investment, especially the gas that Iraq loses from the oil extraction process. In this regard, the Iraqi PM, Muhammad Shiaa Al-Sudani, announced earlier the signing of “important” contracts for the investment of natural & associated gas, stressing that the “neglect” of natural & associated gas has caused Iraq to lose many development opportunities. He added, "For many years, Iraq has depended on oil as a basic resource for the economy and money & natural & associated gas were neglected, which caused us to lose many development opportunities, in addition to the environmental impacts associated with the oil industry." He added, "We have begun treatments to develop the oil industry & invest in neglected ones & we have signed important contracts to invest in natural & associated gas," adding that "the 6th round will be signed soon, which targets important areas of natural gas fields." He pointed out that "investing in gas will end the waste of gas wealth that costs Iraq approximately 4 billion Dollars annually," pointing out that they have placed the government's top priorities as "making room for the private sector & international companies & providing facilities for them."

Luigi found these articles of Dinarian interests... Iraqi citizens to be paid in Digital Dinars. Could the new rate be in the Digital Dinar? Treat as rumors. Not varafied. Your opine. 11-28-2020 Newshound Guru MilitiaMan Article: "The housing fund adopts electronic collection in collecting money" Fairly sure, the ATMs will have some new issues inside them.. Especially when we see them talking about the deletion of the zeros and the exchange rate to the Dollar.. Going to a market economy will require it...imo 11-28-2020 Newshound Guru MilitiaMan Article: "The Central Bank launches the electronic collection project for the housing fund" AUTOMATION...They already told us about the ELECTRONIC DINAR!! More evidence they are gearing for a whole new economy and way of doing business...Going DIGITAL...Going Global...Love it.. 11-28-2020 Newshound Guru Breitling ...Iraq is not going to change. They have a desire. They have a need to add value to their currency that they control. Do they want U.S. dollars? Sure, but they don't control it. They want a currency that they can control...Is that going to change if Biden gets in? No. You don't need to worry about that. What comes under the two administration is - What is the rate going to come out at? And then how far can the value of that currency go - at what speed? 11-28-2020 Newshound Guru MilitiaMan They are going to issue the electronic dinar. Just as their neighbors are doing, too. They are effectively going to be more cashless in the end run. In the mean time the automation of the ports and borders will be taxing them, too. They will automatically be able to adjust pricing when needed. IF we recall the UN was in town this week. The UN wanted the correction to the White Papers...Well that correction is the rate, imo...The UN didn't show up just for shiz and gigs, be sure...imo... I hope this one...sets well for everyone, as the reviewing of the exchange rate to the dollar and the deletion of zeros is some serious meat on the bone...imo. [post 2 of 2]