Iraq Dinar News Central Bank Digital Currency (Uncut) 03-11-2025

MM&C-Iraq Dinar News Central Bank Digital Currency-Financial System-Globally-The Future Developments

Hey everyone before I get started I just want to remind you that if you like my content hit that like button subscribe to my channel and then join the militia Man and crew patreon community by clicking the link in the caption Hey, good evening everybody militia man and crew. Hey, it’s a new night might be a little bit echoing here As you guys can probably see by the back wall that things have changed. I did a little move I needed a little bit more space.

And so we had to We did that and we’re gonna be in the process of moving so if you guys understand that Aspect of life. It’s something that I don’t think anybody enjoys except for movers. They get paid well, but in our case It’s like well, we do a lot of that work on our own So just like we do here at militia man and crew we do all of the work that we do is bunch of team members We have super Samson who doesn’t bang up job with all the news articles Impeccable she loads our discord chat room and our with our feed into up with analysis into our patreon account to That’s where you guys Come visit.

So thank you for being with us, and I appreciate that They’re probably going to be a few changes coming up as you guys know. We told you about that 30 days ago So thank you for being with me because it really does help and it does help keep our channel moving So but the bottom line is is that there’s some big news out there lately I think you guys saw it back on Saturday The Central Bank of Iraq comes out and says with an article says a central bank governor says we will witness a Comprehensive digital transformation in the financial sector. So the central bank governor is talking about this So it says that Alex Allah lock Central bank governor’s in a statement says despite the great step that has been made to activate electronic payment methods Which is an essential step in digital transformation we will put this stage behind our back soon because even the current electronic payment methods and Tools are being changed and developed very quickly.

So obviously there’s other things that are changing and it’s happening fast he points out soon we will notice great difference in the tasks and Functions of banks and I think you see that around the world regardless of where you live but here he’s talking about the functions of banks and we will see many changes or bank changes of Their nature of their work. He goes on and says that there will be a digital Financial identity for each citizen through which he can conduct many operations and accounts They’ll be able to identify their balances and even invest not only in inside Iraq But outside Iraq, it says banks will soon turn into smart platforms that organize financial operations and benefit from technologies and artificial intelligence you guys remember we We probably had maybe a lot of articles that may have gotten overlooked by not only by myself, but by many people But artificial artificial intelligence has been in Iraq news for a long time a couple years And I went back and did some research on that and that’s when we discovered the Agora project with the Bank of International Settlements doing digital bank currencies and so That’s real and we the likes of some of the largest banks in the world worked on it And we also know some some of the biggest Cryptocurrencies in the world or I would say the new technology Probably more effective to say that but the bottom line is there’s some big names out there You’re gonna hear a few of them. You’ve already heard of a couple of them from me in the past But they they reiterate it tonight.

So pay attention if you want to it says he goes on to say that but This great work is accompanied by the central bank and it’s like the rest of other central banks By thinking about having a digital currency a digital currency under the supervision of the central bank, so that’s pretty big coming from directly from the Some say the horse’s mouth, right? he goes on he says We’re not talking about cryptocurrencies that are outside the framework of central banks But about a digital currency issued by the central bank and that it’s great work being worked on in the central bank in coordination with specialized organizations, I wouldn’t be probably think the technology organizations that are bringing this out and Entities internationally and in the Arab world and Directly with the Arab monetary fund you guys remember the Boona platform That’s a long time ago. Okay. Well, that’s how long this has been ongoing.

Okay, it isn’t something that’s new so it says here it says What is it going to be for it’s going to be it’s going to represent solutions to major economic Financial and social problems as well as establish a tight framework for monitoring funds reducing corruption money laundering and financing of terrorism and he says because all of financial movements will be within a tight and Transparent system that can monitor all financial operations at the same time It’s easy for its bearers to conduct large large scale operations even in the countries of the world and So whether that he adds, you know, he says we expect young people through the tools and human resources We have to benefit from these tools and indeed We will thought we will follow that many young people invest through these wallets and tools and multiple fields outside Iraq but some need to be very cautious and caught and caution is put out there so That there is a lot of circumvention in certain things. And so they have to be very careful. So they’re worried about the citizens In this new digital environment, but again, who do they talk about? Well, here’s the here’s back in September of 2022 2024 September 22nd 2024.

It says ripple partner SBI confirms participation in the BIS project You guys this isn’t new you guys we’ve been over it, but you can come into the patreon Forum with militia men and crew and you can get this specific article I took snippets of it today and put it in with this article that came out on the 8th But it also it just basically talks about the community believes that ripple, you know the cryptocurrency, you know or the new technology genre out there they they believe that ripples technology aligns with the Bank of International Settlements Agora project, so Basically in September 19th that precedes that date it says the Bank of International Settlements leads a project called Agora It blockchain initiative for efficient cross-border payments. So obviously, you know, they talk about the major banks like JP Morgan UBS To join this and enhance global financial transactions So basically the Bank for International Settlements has been doing this It’s been in the process for quite some time and some of the largest banks in the world have been dealing with it You have JP Morgan chase the Dutch Bank UBS group AG as well as credit cards like Visa and MasterCard so again, that’s just an update a snippet of what what was going on back then and is it’s going to be an Introduced into currency reserves. Well, you’re gonna see this little statement here It says central banks play a critical role in project Agora by issuing the digital currencies That will be issued on the platform these central bank backed digital currencies often referred to as digital currencies represent a digital form of the world’s most important reserve and I think the United States of America just made a move to use Bitcoin and There’s a lot of platforms out there that you’ll find that support that You have coinbase you have I could think I think it’s finance cracking for instance Don’t you guys can look that up, but I’m pretty sure those are the laundry list of those that are involved in that so anyway, that was just a lead-in but but look Iraq has security and stability right now and They’re gonna take advantage of that.

It says here between Security and stability and economic challenges the last year of al-sudani’s government. It says the security situation is stable and And has not been affected by the region’s events pointing to the readiness of the security forces That confront an emergency any emergency He goes on and stresses that the government’s continuing to address the crisis Especially with regard to paying salaries. They want to get that taken care of reviving development projects and various governance I think you guys can see that through the news that that’s been an ongoing process and they’re having a lot of Results of take the port of file the submerged tunnels for instance today.

That’s a big deal It’s gonna be a powerful thing because it’s historic. Let’s keep that in mind because The trade that’s going to go through Iraq. It’s clear signs that this isn’t going to go away It’s I mean they didn’t just put hundreds of millions and billions of dollars into this Port of off for no reason So it’s obviously that at this stage of satin is taking place As he says that there’s an expectation that the economic or security file will not constitute a major obstacle in the next stage So going into the future, there’s there’s no obstacles.

So Mohammed she also Donnie He took office back in 2020 early 2022’s October 2022 something like that And so he’s just been knocking it out of the park and he basically seems to me he seems to be very confident what he’s doing He’s talking, you know security stability taken care of and what he’s done in his accomplishments and achievements I think we can all see I would like to think that everybody can see what I see. It’s a job well done and He’s not done yet. But I mean so far it’s been a job well done Here’s an interesting thing though as far as you know To what I was just talking about as far as the Port of offer instance It’s moving forward the Ministry of Oil signs a contract to Kirk cooked in to develop Kirk cook From British Petroleum.

And so again, these are global companies. I talked about some banks and here you’re talking about an oil firm That’s an international firm. That is The Prime Minister of the Energy Affairs Ministry of Oil and high on Abdul Fani He stresses that signing the ceremony this I guess it was today Which would be positively reflected in maximizing financial resources of the federal budget Realize all the money that’s going to come in is going to help the budget which is going to help support the value of the currency in the long run everything that’s going to go through that country is gonna Is gonna basically be around a real effective exchange rate It isn’t going to be 1310 or they’d have done it a long time ago There’s but have been no reason to just say we know we’re gonna go like we are and this is where we’re gonna go Onto the forex, but have they done that yet? Sure.

Not. They surely not It says signing the contract to develop new fields of the North oil companies a major Achievement credited to the ministry and company, especially after a period of a hiatus They’re noting that the development and rehabilitation operations and add quantities to national production In addition to investing in gas increasing the quantities of its production to support the production of electricity and you’re going to see the news has been talking about Electricity because why because there’s there’s a problem with one of the neighbors and the neighbor is you know Getting a lot of money for energy which they don’t necessarily need and there are some things about that as far as the UN’s concerned And there’s some components of the charters that are involved They don’t have to get it from just the neighbor the most close which is Iran you guys know who that is, right? But they have other countries they can get the same quantities I believe to offset that so I think it paints a picture for al-sudani to have a way out in a political stature In other words because he’s got a lot of he’s got a play back and forth on both sides of the fence he’s got the u.s. On one side. He’s got these other factions on the other side and Ultimately his only out is probably going to be Using that chart both charters from the UN mandate But we’re gonna have to see how that turns out so here’s an interesting an interesting article and I think that the art the article isn’t doing justice because it’s It’s not telling you the whole story But it does say that the the customs completes 93% of the first phase of the automation project But I’m gonna come in come in and say back in January that we can come up with something That’s a little bit different than that.

So anyway, I’ll let I’ll read it to you It says the electronic ice cutter system will enhance transparency and reduce cases of corruption. Well, we’ve already all know that It says the customs automation and moderate modernization project consists of three phases 93% of the first phase has been completed while the completion rate of the second phase which we are currently working on has reached 33% and it’s expected to be completed in the mid to 2026. I I just have a hard time with that one But you know, I’m telling you what it says It says as for the third phase, which is related to the single window, it will be completed successfully it says the automation system is a modern electronic used system in countries around the world and We will contribute to improving customs work in accordance with international standards and the World Trade Organization that’s the reason why I like this is because they’re invoking the World Trade Organization and Organization once again, and we haven’t heard anything about that in quite some time It was pretty big last year and so forth for a long time Because there was a lot of news on it and it just hasn’t panned out yet Iraq hasn’t changed their exchange rate into an international real effective exchange rate that that is cross-borders Has cross-border utility yet and they’re not on the floor.

They’re not on the Forex in a real manner yet so obviously back in January 2020 January 2nd 2025 the It says here in the news It says the observation operations room at the border crossings which represents the infrastructure of the escada system Was finally done after the completion of the networking between all ports and it is of great importance in reducing forgery manipulation Activating them took time and they were many challenges in doing so without this linkage It would have not been possible to activate the escada system So isn’t that funny how they’re telling you today that they’re they’re only 93% done But yet they tell you that they were done in January. I don’t know. It’s funny how the news works It kind of keeps you on your back foot.

I think they do it on purpose. I think I know they do but I Think I know I don’t say that. I do know for sure.

I say I think I know It says from Bretton Woods. This is an article that’s interesting. It says from Bretton Woods to the White House 2025 so from the time from the Bretton Woods To present I think that was around 1944 for those of you that may have been around at that time or just children But anyway, you might be aware of it.

I think a lot of historians would know about it I think a lot of people that know the gold markets and the dollar Markets and currency markets would know about that. Okay. So anyway, especially gold Okay says last week United States President Signed the most important u.s. Decision since 1944 which established Bitcoin as a central federal reserve making Bitcoin digital gold America now owns about 200,000 of all bitcoins in the world Which is very little compared to what America aspires to so America will seek to increase its Bitcoin Holdings and that’s the price of Bitcoin willing.

This is opinion piece, right? Thus the price of Bitcoin will increase to reach more than $200,000 a coin. So if you think about it right now, I think it’s toying with 80,000 so it’s been it’s been down in the dip and they’re gonna give you some advice in this in this one but and I think that this advice might be wise for people to take take into consideration because because if you if you know how to trade and if you do know that markets and work in patterns and you can follow stock charts and you have some theories and there’s plenty out there that are legitimate and they Many of them date back for a long long time I mean in some cases Japanese candlesticks or you know, they got to be a thousand or two thousand years old I don’t know how long they are, but I know they’re really old Because they’re very useful So pay attention to that stuff and when you see bottoms when you see like Bitcoin hitting 80% 80,000 for instance It’s it’s kind of at a lower range and it’s been oversold and what happens when that happens if people buy and Central banks know that and they’ll they’re talking about this in this article and that’s just my brief understanding Not a professional on it, but just let you know that I am aware of it and do have some experience with it Okay on March 7th 2025 the first summit meeting between crypto currency leaders and the president took place in the White House to lay the foundations of This new virtual financial system and that’s we’re facing a new era dawning on the world So it’s not just Iraq. It’s about the world and then we’re what I’ve always said It’s not it’s about Iraq, but it’s not all about Iraq All right So there’s that there is no doubt that the right time to invest in digital currencies is now according to the article and every price correction of Bitcoin below 80,000 is an opportunity to buy again so smart governments in the world will take advantage of this price and drop and strengthen their of this price drop and strengthen their and their balances That’s exactly what central banks do and also central banks know that when gold rises they need to buy and so with gold rises that they need to take advantage of it because of there’s insecurity in the world or They want to protect and hedge against other risks.

So that’s what they do And guess what Bitcoin is going to be one of those things so it says here just because bank just because America announced that it has implemented Bitcoin as a central reserve and that it will no longer sell Bitcoin this alone Guarantees that Bitcoin will maintain its prestige and survival So there’s no longer any concern about it being zeroed out as summer spreading So this is obviously coming from that see where did it come from it came from and a piece just okay So it’s an opinion piece, but this is an opinion. So take it as take it for what it’s worth And it says here crypto currencies are now global reserves They are like minerals and Bitcoin is its digital gold So I usually put in snippets in the articles in patreon and here’s one of them aside from my my own opinions but Central Bank of Iraq is moving towards issuing the digital currency as gradual alternative to paper currency in the country as part of efforts to Modernize the financial system and enhance transparency. So this is Iraq talking about this and here it is.

It’s the financial advisor who is Muhammad Sulei, right he says issuing a digital currency by the central bank will represent a Qualitative financial leap in the national payment system enhancing transparency and financial efficiency Muhammad Sulei goes on to say that this step will contribute to reducing cash leakage lowering the cost of printing Paper currency in addition to limiting its circulation outside the banking system It also reduces the need to print money repeatedly It’s a big cost you guys because which will reduce the cost there it is associated with its production and distribution He goes on and points out that the electronic payment in Iraq can be described as paper money deposited in banks Demanding that the financial transfers be electronic ie Instead of physical exchange. They should be electronic. Don’t forget you guys.

There’s a lot of youth about 65% They’re pretty digital savvy I think they’re gonna have success with this and I think they’ve already have and they have for quite some time So anyway, the major countries do not adopt digital currencies for the fear of being hacked That’s that’s that’s one of the fears that they have such as United States which has the electronic dollar which is the RL USD RL stands for a ripple if you guys don’t know that And he says also the European countries that have the European euro and the Chinese won All of these countries were enabled to rely on these currencies and their transactions He goes on despite it being intangible they’re widely accepted by users and traders in all countries of the world So it says in order to trade these digital currencies. There’s a set of complex Encryption processes that are used to this protect from being exposed to any forgeries and stuff So back in the eighth we have that Of this month a couple of days ago It says we will witness comprehensive digital transformation in the financial sector, but they go on to say that it has to deal with Actually a few days earlier than that it’s on the fifth It says the launch of digital currency in Iraq Represents a new and important stage in the development of the financial system This initiative reflects Iraq’s commitment to moving towards an advanced technological era and will have positive effects on the economy and society However, the success of these steps depends on addressing the challenges associated with it, but we wouldn’t we went over all that but the bottom line is is that when the Soleil talks Everybody seems to listen and last last article that I’m gonna have you guys do is I would highly suggest you come in and read this one because it’s a lengthy one and Actually one of One of the last ones I shouldn’t have said sorry digital currency in Iraq crisis of confidence the biggest obstacle and I I put the pros and cons because that’s effectively what this article is about I Would say come in because it’s going to talk about enhancing transparency independence of independence of the supervisory body economic incentives solid technical infrastructure They talk about potential risks, but at the bottom at the end of the day Who’s talking about this? It is the Forgive me. I thought it was Soleil still but maybe it’s not anyway It says between crisis and opportunity at the end of the story is that despite these obstacles digital currency could represent a giant turning point towards a more advanced financial system in Iraq by reducing corruption Enhancing financial inclusion and improving tax collection collection and mechanisms.

So there again, you know, we have You know people in Iraq discussing specifically What what is what are the terms and the terms are like I said, they have some things pros and cons Come in and read it. I think you’re gonna find it fascinating and then the last article here is like I thought I had It says is Iraq stepping into the future of crypto currencies and it’s al-sudanese advisors So forgive me, I got jumped ahead of myself Prime Minister Muhammad Mohamed Saleh. It says they’re talking about He’s reveals his position on these developments stressing the country still in the evaluation phase and he has about one two Three four different articles or paragraphs explaining again some one of the pros and cons about this But he says on the other hand he gives some of the negative But I’ll let you guys read that but he says on the other hand in other words besides that point It says the future of crypto currencies may change significantly in the coming years especially if major economic powers take steps towards Regulating these currencies more strongly and which may open the way to study these options in the future But he goes on and says he brings up it’s a remarkable move by you know The United States issued an executive order to create strategic reserve of Bitcoin Reflecting the u.s. Trend towards integrating crypto currencies into its official reserves such as gold and precious metals considering it an attempt to control any disruptions in the international monetary system as long as Bitcoin is traded in US dollars and on most global extent exchanges Such as I was right Coinbase Binance Kraken and Others so they’re a good on Coinbase Binance and Kraken because I think they’re probably gonna get some business It says he explained the price of Bitcoin is often measured in dollars Because it is the global reserve currency and the most widely used in financial markets and based on the above Bitcoin will be one of the crypto currencies denominated in the US dollars that will be subject to the regulation and dominance of the Federal Reserve Bank like it or not and Will be given a stronger legal position in the scope of trading its currency in the global classification after granting legal legitimacy to the Bitcoin unit From the highest monetary authority in the world, which is the US Central Bank of the Federal Reserve Bank of the United States Slowly goes on and says US Federal Reserve will have a role in legal supervision as a Global digital payment and reserve currency and will ensure that Bitcoin is covered by the dollar itself Which gives United States of America dominance over any encrypted monetary trends outside its monetary system Denominated in dollars, which is essential for the expansion of the US monetary system to the world and with control from a central bank government body that is this time outside the Decentralization of the crypto currency market Okay, it says basically if you don’t know anything about it 2008, I’ll give it a brief if I don’t kill it Bitcoin with a peer-to-peer electronic cash system, which was laid out by Foundation for centralized digital currency a cash system based in blockchain technology I think the group that did it was under the pseudonym of Satoshi Nakamoto And they published that paper back in 2008.

So once again, but they talk about this in 2009 Bitcoin Network was launched and mining began the first time making it the first tradable cryptocurrency and after that Thousands of other digital currencies emerged such as aetherium ripple and litecoin So there’s that name Aetherium there’s that name ripple and there’s that name of litecoin and these are cryptocurrencies I’m sorry. Bear with me on that one Litecoin and I guess other cryptocurrencies and so it says have become an important part of the modern digital economy It is rapidly changing to a digital world. I think you guys if you guys gals everybody should know that The digital environments here to stay it’s not going anywhere It’s going to be fast and furious and militiamen and crew are going to try to bring it with you as we go forward Because you know learning and getting good quality information and study is really good for Everybody because I’m having good tools and information at least To make your own decisions and to find professional advice outside of my scope is I highly recommend it So anyway militiamen and crew I’m glad you’re with us.

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