Iran to launch CBDC on Sept. 22
The Central Bank of Iran (CBI) has finalized plans to launch its digital currency Sept. 22, as reported by Iran’s Chamber of Commerce.
The digital currency dubbed “Crypto-Rial” will leverage blockchain technology to turn the Iranian Rial banknotes into cryptocurrency.
The CBI Governor earlier said:
“The bank has in place the infrastructure and rules for the Crypto-Rial. The cryptocurrency is planned as a new type of national currency, like banknotes and coins, but fully digital.”
According to the CBI, the Crypto Rial will help improve financial inclusion in the country and function as a tool to help the economy compete with other stable currencies globally.
The CBI explained that the Crypto-Rial has been designed to optimize for top-level security. Assets held in smartphone wallets can be tracked in the event of an attack by bad actors.
Iran becoming pro-crypto
At the start of 2022, Iran allowed businesses to settle cross-border payments using cryptocurrency through the Central Bank’s crypto platform.
Iran solidified its stance on crypto after it completed its first foreign trade deal of import goods worth $10 million using cryptocurrency on Aug. 9.
Source: Dinar Recaps
Al-Kazemi meets the Vice President of the World Bank Group
Prime Minister Mustafa Al-Kazemi confirmed, on Friday, Iraq’s determination to continue the economic reform platform.
A statement by the Prime Minister’s media office said, “Mawazine News” received a copy of it, that “Al-Kazemi met, yesterday, Thursday, with the Vice President of the World Bank Group for the Middle East and North Africa, Farid Belhaj, on the sidelines of participation in the meetings of the United Nations General Assembly in New York.”
The statement added that “during the meeting, the most important aspects of cooperation between Iraq and the World Bank in the financial and economic fields, and in the field of providing studies, consultations and data, were reviewed,” noting that “the meeting touched upon the positive growth in the Iraqi economy, and success in facing the challenges caused by global crises, The disruption of supply chains, and the effects of the Corona pandemic.”
The Prime Minister stressed, “Iraq’s determination to continue the economic reform platform, lay strong foundations for sustainable development, create an attractive investment environment, and emphasize cooperation with the World Bank in the areas of modernizing the country’s water policy and food security projects.”
Kazemi is speaking second, at the UN meeting, beginning at 3 PM EDT today. 11th Plenary meeting: Friday, 23 September 2022 – 3:00 p.m. 1 Antigua and Barbuda His Excellency Gaston Alphonso Browne Prime Minister and Minister for Finance, Corporate Governance and Public Private Partnerships of Antigua and Barbuda 2 Iraq His Excellency Mustafa Al-Kadhimi Prime Minister of the Republic of Iraq
Al-Kazemi: The stability of the region has positive repercussions on the situation in Iraq
Prime Minister Mustafa Al-Kazemi confirmed on Friday that the stability of the region has positive repercussions on the situation in Iraq.
Al-Kadhimi said in an interview with the official Al-Iraqiya news channel, before delivering a speech during the General Assembly meeting in New York, that “we have an opportunity to build Iraq, and everyone must bear responsibility in this field.”
He added that “Iraq succeeded in bringing Iran and Saudi Arabia closer together and other countries succeeded in restoring their relationship with each other after that.”
“We will contribute to everything that helps stabilize the region and preserve the dignity of its people,” Al-Kazemi continued.
Al-Kazemi expects an increase in Iraq’s cash reserve, and it will reach $100 billion
The Iraqi Prime Minister, Mustafa Al-Kazemi expected, on Friday, to increase the country’s cash reserve to reach $100 billion.
Al-Kazemi said in an interview with the state media before giving a speech at the General Assembly meeting in New York, that “the white paper succeeded in achieving economic reform.”
And he added, “The cash reserve under our government has reached 68 billion dollars, and it is expected to increase to 100 billion dollars.”
Al-Kazemi stated that Iraq has achieved the largest and fastest economic growth and has become the first in the Middle East and fifth in the world. link
Al-Kadhimi meets with the Secretary-General of the United Nations to discuss several files
Prime Minister Mustafa Al-Kazemi discussed, today, Friday in New York, with United Nations Secretary-General Antonio Guterres several files, including the drought file, and the attacks on Iraqi lands.
A statement by Al-Kazemi’s office, a copy of which was received by Mawazine News, stated that “the latter met with Guterres and discussed with him the situation in Iraq, and the government’s efforts to mitigate political differences, by adopting the National Dialogue Initiative between political forces, and also addressed the situation in the displacement camps, and the efforts of The government will close the largest number of them, and return the displaced to their areas of origin.”
The statement added, “The Secretary-General of the United Nations praised Al-Kazemi’s role in maintaining civil peace in Iraq, supporting his initiative in the national dialogue between political forces, and striving to achieve political détente.”
The meeting witnessed, according to the statement, “discussing the education file in Iraq, and the government’s keenness to improve it, and develop infrastructure by starting to build 1,000 schools throughout Iraq as a first stage.”
The statement pointed out that “the meeting dealt with the drought file, and its great effects on Iraq, and Al-Kazemi stressed the importance of helping Iraq in this file, which is related to the lives of citizens and the country’s economies. On his part, Guterres stressed the need to address the drought problem that Iraq suffers from because of what it is doing.” It has some riparian countries from changing the course of rivers.”
Guterres affirmed, according to the statement, “his rejection of the attacks that affect the sovereignty of Iraq, his affirmation of support for Iraq’s unity, and his refusal to interfere in its internal affairs.”
The statement continued, “Al-Kazemi expressed his thanks for the efforts of the United Nations mission in helping Iraq to hold transparent and fair elections, praising the role of the United Nations and its development programs to enhance local capacities, and in rehabilitating those affected by terrorism, and its projects in the fields of environment and sustainable development.” link
Source: Dinar Recaps
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