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Clare » June 1st, 2025
Under a government decision, Forex and cryptocurrency companies in Kurdistan are closed.
6/1/2025
The Kurdistan Regional Government (KRG) decided on Sunday to form a special committee within the Ministry of Interior, with the participation of relevant authorities, to shut down cryptocurrency and digital currency companies.
According to a letter issued by the Presidency of the Kurdistan Regional Government’s Council of Ministers, No. 6640, dated May 27, and seen by Shafaq News Agency, the Ministry of Interior was notified, based on instructions issued by the Central Bank of Iraq, regarding the ban on dealing with electronic trading companies (forex) and digital currencies.
The Court’s presidency stressed the need to take the necessary measures to form a committee with the relevant authorities to close down all companies operating in this field under various names. LINK
Masour Barzani: We have begun a strategic partnership with the United States to transform Kurdistan into an energy and innovation center.
6/1/2025
The Prime Minister of the Kurdistan Regional Government and Chairman of the Board of Trustees of the American University of Kurdistan, Masrour Barzani, affirmed on Sunday evening that his recent visit to the United States marked the beginning of a new phase of strategic partnership. He also indicated that efforts will continue to secure permanent electricity in the Kurdistan Region.
Speaking at a graduation ceremony for a new batch of students at the American University in Duhok, Barzani said, “We in the Kurdistan Regional Government have embarked on a series of comprehensive reforms that are not just theoretical ideas, but have tangible and direct impacts on improving the lives of the people of Kurdistan. Through these reforms, we aim to provide a prosperous life and sustainable economic growth.”
He noted that his recent visit to the United States “marked the beginning of a new phase of strategic partnership, with agreements signed with a number of leading American companies in the energy sector, which will contribute to creating quality job opportunities and stimulating the innovation and investment environment in the region.”
Barzani added, “For the first time in its history, the Kurdistan Region is witnessing an economic transformation that is not solely dependent on oil, but rather based on diversifying vital sectors such as agriculture and banking services.” He pointed to “important infrastructure projects, including improving the water distribution system and establishing a special fund to protect the future of future generations.”
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He also announced “continued work on the Ronahi project to provide sustainable electricity, in addition to launching the Hesabi initiative, the first of its kind in the region, which aims to consolidate financial inclusion through digital banking services and enhance transparency.”
Regarding digital transformation and artificial intelligence, Barzani continued, saying, “Artificial intelligence and digital transformation are no longer futuristic concepts; they have become a pivotal reality. We encourage investment in innovation centers and strengthen cooperation between universities and the technology sector, and we call on our youth to engage in this global revolution.”
The Prime Minister of the Kurdistan Regional Government also addressed the health sector, commending the graduation of the first batch of nursing students from the American University of Kurdistan, who received comprehensive support through scholarships.
He described them as “a promising hope for a healthier and more prosperous Kurdistan,” stressing “the government’s continued support for the development of advanced professional programs in this field.”
Barzani also emphasized the importance of education as the foundation upon which all forms of progress are based, saying, “We are implementing radical reforms in the education sector to build a transparent and accountable education system, with a special focus on the quality of education from primary to higher education, and instilling a culture of lifelong learning.” LINK
Source: Dinar Recaps
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