18 Hrs
Source:
وكالة بغداد اليوم الاخبارية
Digital dinar: relief or risk
The article discusses the possibility of Iraq adopting a digital currency or digital dinar as a means to address the severe financial crisis and declining revenues, especially to fund employees' salaries. Analyses indicate that adopting a digital currency could reduce the efficiency of liquidity control and threaten the stability of the dinar against the dollar and other foreign currencies. Additionally, there are legal and technical challenges related to combating corruption and money laundering. Experts warn that this option requires in-depth studies and an integrated legislative and technical framework, and that reliance on the digital currency depends on its design and management mechanisms, not merely viewing it as a quick fix for the financial crisis.
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