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 November 11, 2021
The Central Bank of Iraq warns against dealing with digital currencies

 


The Central Bank of Iraq is closely following the transactions in the digital, encrypted and virtual currencies market, given the great risks associated with these currencies and their lack of any legal, regulatory or technical controls or legislation in Iraq .

In order to avoid any negative repercussions resulting from dealing with these currencies, which have high volatility and speculation in them, the Central Bank of Iraq warns against using them, and does not guarantee such currencies and does not provide legal protection for those who deal in them and has not granted a license to any digital currency currently encrypted .

 

 

Central Bank of Iraq

  information Office

November 11, 2021

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Information/Baghdad..
The Central Bank of Iraq, on Thursday, warned against dealing in digital, encrypted and virtual currencies.
And the bank said in a statement that “The Information” received, a copy of it, that it “closely follows transactions in the digital, encrypted and virtual currency market, given the great risks associated with these currencies and their lack of any legal, regulatory or technical controls or legislation in Iraq.”
The statement added that "to avoid any negative repercussions resulting from dealing with these currencies, which have high volatility and speculation in them, the Central Bank of Iraq warns against using them, and does not guarantee such currencies and does not provide legal protection for those who deal in them and has not granted a license to any digital currency currently encrypted." finished/25

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  •  Time: 11/11/2021 12:04:55
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The Central Bank warns against dealing with digital currencies
  
{Economic: Al Furat News} The Central Bank of Iraq warned against dealing in digital currencies. 

A statement by Al-Furat News, a copy of it, stated: "The Central Bank of Iraq is closely following the transactions in the digital, encrypted and virtual currency market, given the great risks associated with these currencies and their failure to be subject to any legal, regulatory or technical controls or legislation in Iraq."

He added, "In order to avoid any negative repercussions resulting from dealing with these currencies, which have high volatility and speculation in them, the Central Bank of Iraq warns against using them, and does not guarantee such currencies and does not provide legal protection for those who deal in them and has not granted a license to any digital currency currently encrypted."

It is noteworthy that central banks around the world are working on developing or exploring digital currencies, after the emergence and spread of cryptocurrencies such as Bitcoin.

China, for example, is at the forefront of this race, and is in the process of testing the digital yuan in major cities such as Beijing, Shanghai and Shenzhen.

 

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 2021-11-11 04:08
 

Shafaq News/ Today, Thursday, the Central Bank of Iraq warned against dealing in encrypted digital currencies, indicating that it had not been granted any license to deal with them.

 

 

And his media office said, in a statement received by Shafak News Agency, that the Central Bank of Iraq is closely following transactions in the digital, encrypted and virtual currency market, given the great risks associated with these currencies and their failure to be subject to any legal, regulatory or technical controls or legislation in Iraq.

 

He added, in order to avoid any negative repercussions resulting from dealing with these currencies, which have high volatility and speculation in them, the Central Bank of Iraq warns against using them, and does not guarantee such currencies and does not provide legal protection for those who deal in them and has not granted a license to any digital currency currently encrypted.

 

Recently, the phenomenon of "digital currencies and trading in them" has spread in large areas of the world and some areas of Iraq, especially the western ones, which is a new and strange phenomenon for Iraqis.

 

 

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 Expenditures


Economy News _ Baghdad

Today, Thursday, the Central Bank of Iraq warned against dealing in encrypted digital currencies, indicating that it had not been granted any license to deal with them.

And his media office said, in a statement received by Al-Iqtisad News, that the Central Bank of Iraq is closely following transactions in the digital, encrypted and virtual currency market, given the great risks associated with these currencies and their failure to be subject to any legal, regulatory or technical controls or legislation in Iraq.

He added, in order to avoid any negative repercussions resulting from dealing with these currencies, which have high volatility and speculation in them, the Central Bank of Iraq warns against using them, and does not guarantee such currencies and does not provide legal protection for those who deal in them and has not granted a license to any digital currency currently encrypted.

Recently, the phenomenon of "digital currencies and trading in them" has spread in large areas of the world and some areas of Iraq, especially the western ones, which is a new and strange phenomenon for Iraqis.

 
 
Number of views 110,   date added 11/11/2021
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He added, in order to avoid any negative repercussions resulting from dealing with these currencies, which have high volatility and speculation in them…

That’s funny, now I feel better about my Iraqi Dinar investment. Sounds like I need to hang onto my Dinar and forget Bitcoin because I certainly wouldn’t want to be invested in volatile or speculative currency…lol 

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6 hours ago, Laid Back said:

Central Banks are really afraid of Cryptocurrencies because they have no control over….. Central Banks are a Cartel.

 

Go decentralization 

Go Crypto 

Go future 

 

Noooo....not the central banks!  😁  I think it is the Iraqi politicians that are the cartel!   :drunk:  😁

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 November 14, 2021
The Central Bank of Iraq warns against dealing with digital currencies

 



The Central Bank of Iraq is closely following the transactions in the digital, encrypted and virtual currency market, given the great risks associated with these currencies and the fact that they are not subject to any legal, regulatory or technical controls or legislation in Iraq.
In order to avoid any negative repercussions resulting from dealing with these currencies, which have high volatility and speculation in them, the Central Bank of Iraq warns against using them, and does not guarantee such currencies and does not provide legal protection for those who deal in them and has not granted a license to any digital currency currently encrypted.
 
Central Bank of Iraq
Media Office

November 11, 2021
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 November 11, 2021
The Governor of the Central Bank of Iraq lays the foundation stone for the Al-Attaa House for the Elderly

His Excellency the Governor of the Central Bank of Iraq, Mr. Mustafa Ghaleb Mokhif, inaugurated this afternoon, Wednesday, the project of the new building of the Dar Al-Attaa for the elderly in Baghdad.
The Governor laid the foundation stone to start the first phase of the project, accompanied by His Excellency Prime Minister Mustafa Al-Kazemi and His Excellency the Secretary-General of the Council of Ministers, Mr. Hamid Al-Ghazi.
In his speech during the celebration, Mr. Governor confirmed that the project will be financed by the Community Initiative Fund to support humanitarian projects, in which the Association of Private Banks, Iraqi banks and non-bank financial institutions participate.
The Governor explained that the role provided by the banking sector is not limited to banking transactions only, but rather has become a developmental role that contributes to alleviating the burden on citizens and providing humanitarian services that develop society.
 It is noteworthy that the old building of Dar Al Atta’a was built at the beginning of the last century and is more than 90 years old.

Central Bank of Iraq
   Media Office
November 10, 2021



 
 
 
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 Reconstruction and building


Economy News - Baghdad

Today, Wednesday, Prime Minister Mustafa Al-Kazemi laid the foundation stone for the new building of the Dar Al-Attaa for the elderly in the Al-Rashad area of Baghdad.

It will be praised with the support of the Central Bank of Iraq and the Association of Private Banks within the initiative of the Community Initiatives Fund (Tamkeen), and in cooperation with the General Secretariat of the Council of Ministers .

Al-Kazemi said that this step comes in order to extend gratitude to this segment that served Iraq, and submitted tenders in various jobs or roles, and now has the right to care and attention. This home will be built according to the best specifications required to serve the elderly segment .

Al-Kazemi was briefed on the conditions and conditions of the inmates and the level of care provided to them .

On the other hand, the Executive Director of the Association of Iraqi Private Banks, Ali Tariq, said that today the foundation stone of the project was laid, which will be implemented by the Engineering Department of the Association of Private Banks, noting that this project is being carried out under the auspices of the Central Bank, the General Secretariat of the Council of Ministers, the Association of Private Banks and the Governorate Baghdad.

He added that the construction of the project was funded by donations to the private banking sector, within the Tamkeen initiative, and implemented by the Engineering Department in the Association of Private Banks.

 
 
Views 483   Date Added 10/11/2021
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