Home
[You must be registered and logged in to see this image.]
[*][ltr][You must be registered and logged in to see this link.][/ltr]
2022-09-27 05:11
Central Bank of Iraq: We are working on issuing a digital currency and deleting zeros from the dinar requires an atmosphere
[*][ltr][You must be registered and logged in to see this link.][/ltr]
2022-09-27 05:11
Shafaq News/ The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makheef, said on Tuesday that the bank is working on issuing digital currency to keep pace with the development of monetary transactions in the region and the world, stressing that deleting zeros from the local currency requires a calm economic atmosphere for that.
Makheef said during his hosting at the Al-Rafidain Forum for Dialogue, that "until now, there is no specific orientation, dates and controls for issuing digital currency in the country," adding, "But we are working during the coming period on these controls to keep pace with the countries of the region and reduce the practice of dealing with cash through the issuance of this digital currency." ".
And about deleting zeros from the local Iraqi currency, the central bank governor said, "The process of deleting zeros requires the issuance of a law, and a draft law in this area has been prepared by the central bank and submitted to the previous government."
He explained that this law needs amendments, stressing that the issuance of this law requires an atmosphere because the deletion of zeros is directly related to the economy and to market prices in the country.
With regard to the issuance of the Central Bank a new category of local currency, he said, “We are working to issue a new currency, a category of 20 thousand dinars, in order to keep pace with the requirements and to match the neighboring countries,” adding that “we will start announcing the new category after completing its requirements.”
With regard to the exchange rate of the dollar against the Iraqi dinar, the governor of the Central Bank confirmed that "there is no intention to reduce or change the dollar exchange rate."
[You must be registered and logged in to see this link.]
Makheef said during his hosting at the Al-Rafidain Forum for Dialogue, that "until now, there is no specific orientation, dates and controls for issuing digital currency in the country," adding, "But we are working during the coming period on these controls to keep pace with the countries of the region and reduce the practice of dealing with cash through the issuance of this digital currency." ".
And about deleting zeros from the local Iraqi currency, the central bank governor said, "The process of deleting zeros requires the issuance of a law, and a draft law in this area has been prepared by the central bank and submitted to the previous government."
He explained that this law needs amendments, stressing that the issuance of this law requires an atmosphere because the deletion of zeros is directly related to the economy and to market prices in the country.
With regard to the issuance of the Central Bank a new category of local currency, he said, “We are working to issue a new currency, a category of 20 thousand dinars, in order to keep pace with the requirements and to match the neighboring countries,” adding that “we will start announcing the new category after completing its requirements.”
With regard to the exchange rate of the dollar against the Iraqi dinar, the governor of the Central Bank confirmed that "there is no intention to reduce or change the dollar exchange rate."
[You must be registered and logged in to see this link.]
» Will the state adopt the provision of sovereign guarantees to finance private industrial projects?
» Why did Bitcoin start a new downward path?
» MM&C Central Bank: Cancellation of Paragraph (5/d) of the instructions and standards for circulation
» Austria supports deportation of immigrants, including Iraqis, to their country
» Parliamentary Oil Committee comments on the failure of producing provinces to receive petrodollar du
» Al-Badri: The Aqaba pipeline represents a reward for American companies
» Al-Lami: Parliament is dying because of the Sunni parties
» The second within a week.. The Council of Ministers issues decisions related to investment, heritage
» Integrity monitors waste by building residential homes in a company affiliated with the Ministry of
» Al-Awadi: The Council of Ministers approves contracts with private sector companies to supply energy
» As a result of the security prosecution...a parliamentary committee indicates a decrease in oil smug
» Iraq announces the inclusion of 3,500 workers in optional social security during 2024
» Al-Sudani's advisor gives good news to young people: Many job opportunities await you
» The President of the Republic approves the 2024 Budget Law schedules
» After resolving the salary dilemma, a new popular crisis is haunting the Kurdistan government
» Integrity: Monitoring waste in building floors for a public company in Muthanna
» The Council of Ministers comes out with a package of decisions
» Despite integrity efforts...a parliamentary committee reveals the reasons for continuing corruption
» MP Thaer Al-Jubouri confirmed, on Thursday, that agricultural investment increased by 10% during the
» Complete decisions of the Council of Ministers session
» She confirmed the continuation of negotiations with the European Aviation Agency to obtain TCO certi
» Head of the Kurdistan Regional Government Representation Visits the Host of the Bani Hassan Emirate
» The government's silence on the foreign presence is an open trade in the country's security
» Iraqi Finance Ministry distances itself from salary delays: “Long” Eid holiday delayed funding
» Foreign army.. Controls in Amadiyah and military convoys penetrate the Kurdistan region
» Maysan Oil produces the first shipment of “liquid gas”
» Judicial directive regarding leaking and selling ministerial questions
» Integrity overthrows an employee at the Zurbatieh port customs center
» Al-Muthanna: Financial corruption detected in the General Company for the Implementation of Transpor
» Health announces a plan to establish 16 new hospitals
» Minister of Justice announces the imminent granting of electronic bonds to citizens in real estate d
» What is the truth about the mass resignations of advisors in the Presidency of the Republic?
» The President of the Republic ratifies the law to combat homosexuality
» The government activates the memorandums of understanding signed between Iraq and Turkey
» Government measures to deter generator owners.. What does the Supreme Judicial Council have to do wi
» Interior Ministry reveals details about border cameras: 90% coverage
» Abdul Wahid: Construction and Housing is the most corrupt ministry and its minister is a friend of t
» Voting begins in the Iranian presidential elections... and 14 centers in Iraq open their doors
» Ankara on its security operation in northern Iraq: We are working to develop control in the region
» “A non-deterrent punishment and the spread of hundreds of fake companies.” Fraud enters travel and t
» 2023.. The happiest year for Iraqis in the past decade
» The Iranian community votes in Iraq (photos)
» “National Bank violations” place the governor of the Central Bank before parliamentary accountabilit
» President approves laws including budget schedules, combating prostitution and homosexuality
» utube 6/25/24 MM&C Iraq Dinar - Iraq to Rejoin WTO - Cetral Bank Pressing Banks & Money Exhangers
» Judge Haider Hanoun: Imam Ali was the first to lay the foundations for the fight against corruption
» A Sunni agreement with the framework forces to elect Al-Halbousi's replacement
» Al-Atwani calls for reforming the tax system in Iraq
» Parliamentary Finance discusses strengthening financial management with the German Agency for Intern
» The Financial Supervision Bureau to Nina: A systematic plan to complete the state’s final accounts..
» The Minister of Transport and his Jordanian counterpart chair the general assembly meeting of the Ir
» The judiciary directs severe legal measures against those who leaked ministerial questions
» The file of tax deposits and compensation for victims of terrorism.. Slow procedures hinder retribut
» Arak Business: Türkiye is exploiting the Iraqi pipeline to export its oil
» Al-Muthanna Investment: The governorate is witnessing a qualitative boom in the size of projects
» Legal: Amending the constitution depends on political consensus
» Parliamentary Security: Sabotage operations in the electrical system during 2024 will be the lowest
» The popular movement explains the purpose of extending the Aqaba pipeline
» A Ukrainian company directly develops the Okaz gas field
» The Council of Ministers holds a make-up session for Eid
» The Central Bank of Iraq sells $275 million at auction today
» American monitoring reveals a Turkish military incursion into the Kurdistan Region and identifies it
» Iraq's oil exports exceeded 100 million barrels in May
» Allawi: Iraq is living in an undeclared civil war, and we must correct it before we lose it
» Is Iraq among them?.. Kuwait’s most prominent challenges towards the “Belt and Road” project
» The President of the Republic stresses the necessity of protecting water bodies, including lakes and
» Parliament moves to amend the Medical Graduation Law and directs a request to the government regardi
» A new decline in the dollar against the Iraqi dinar in Baghdad
» Qatar joins Iraq and Saudi Arabia in sending crude supplies to the UAE
» Directly rehabilitating 62 localities in Baghdad
» https://alsabaah.iq/98640-.htmlAl-Sudani: Iraq is a safe and attractive environment for capital
» Hundreds of low-voltage transformers installed in Baghdad
» Haider Makiya: Iraq is an “important destination” and we are witnessing an improvement in the invest
» Parliament: The cosmetic market is thriving and the government stops “intruders”
» 3000 projects compete to win the {national competition}
» Sulaymaniyah hosts the “Made in Iraq” exhibition
» Anbar opens a line to produce organic fertilizers using solar energy
» Transport is intensifying its efforts to lift the European ban on the green bird
» Parliament: Amending the investment law will reflect positively on the future
» No meters or pricing...Governmental decisions are “broken” on the rock of generator owners
» The Minister of Labor calls for intensifying inspection tours of work sites to follow up on safety p
» Parliamentary law challenges the “2024 budget tables” and the federal government is waiting for an a
» A foreign army... takes control in Amadiyah and military convoys penetrate the Kurdistan region
» The new “Arab-Kurdish” disintegration... Alekti reveals the common denominator between the “anti-Kur
» The Commission extends the registration period for candidates for the Kurdistan Parliament elections
» Diyala Council is “stuck in a black legal hole”... It cannot be held or dissolved - urgent
» He discussed with the American Ambassador the end of the mission of the international coalition... T
» He discussed with the American Ambassador the end of the mission of the international coalition... T
» Civil Defense puts the blame on the citizen for the high rates of fires, and an economist shows: Res
» Planning publishes experimental population census data
» Al-Sudani confirms the progress of completing the automation system for customs
» Al-Sudani chairs the 8th meeting of the Reconstruction and Investment Committee
» Transportation: Postponing the opening of Baghdad Airport to citizens
» Telecommunications signs a contract for the submarine cable project with Saudi Arabia
» A positive signal from the European Union regarding international investment in Iraq
» Al-Sudani renews his support for holding Kurdistan parliament elections
» UNAMI welcomes setting a date for Kurdistan elections
» A parliamentary directive to amend the medical progression law