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John Kiff

Iraq's Central Bank to create its own digital currency - 0 views

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    I report this Iraqi News story about the Iraqi central bank issuing CBDC just for the record because it's second-hand information (not directly from the Iraqi central bank) and it's odd in that it describes the CBDC replacing paper notes in transactions with central banks. Prior to this, the only evidence I have ever found of Iraq researching CBDC was a 2022 Arab Monetary Fund (AMF) report.
John Kiff

Iraq moves towards issuing a central bank digital currency - 0 views

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    The Iraqi News Agency (INA) reported that Muzhir Mohammad Saleh, the financial advisor to the Iraqi Prime Minister, said that the Central Bank of Iraq is planning to issue a digital currency (CBDC) as a "gradual alternative" to bank notes. He added that "digital cash will maintain its traditional functions as a unit of account, payments and savings, with the possibility of using it online and smart phones, which will contribute to developing a more stable and efficient financial environment."
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