The Repercussions of The Spread of Digital Currencies on The Effectiveness of Economic Policies in Iraq (Case study)

Shafaq Najem Abdul  Wahab

doi:10.51699/cajssh.v7i3.1366

Authors

Shafaq Najem Abdul Wahab Al-Iraqia University College of Economics and Administration

DOI:

https://doi.org/10.51699/cajssh.v7i3.1366

Keywords:

Digital Currencies, Monetary Sovereignty, Economic Policies, Central Bank Digital Currency - CBDC, Iraqi Economy

Abstract

Financial technology imposed a new reality on the monetary authorities due to the widespread use of digital currencies of various types, which represented a real threat to central banks because they were issued by unknown or private parties and became a competitor in the process of issuing money, which was the monopoly of central banks. this study focuses on clarifying the concept of digital currencies and their Illegal digital currencies the reaction in the research and experiments conducted by some countries was to issue centralized digital currencies from central banks and using the same technologies used by cryptocurrencies, namely blockchain technology, called distributed chain technology.

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