EXCERPTS FROM MARKZ: THE EXCHANGE IN NON TAXABLE!! @DINARREVALUATION #iraqidinarinvestor

 

EXCERPTS FROM MARKZ: " I just want to inform everyone here that I have gotten paid. I am in Tier 3" , 20 DEC

 EXCERPTS FROM MARKZ

Member: I just want to inform everyone here that I have gotten paid. I am in Tier 3

MZ: We hope this is accurate. I have heard from others in tier 3 claiming they have gotten paid…and other individuals saying they have received some or a partial payment. I am hopeful it is indeed moving.

Member:  If tier 3 is going than they must have a rate?!?

MZ: “The President of the Republic , the under secretary of the Minister of Finance discuss the 2025 budget “They are also telling up here that they expect a rate change before Jan. 1st. There is a lot of information hitting right now in Iraq. All the news is supporting a rate change before the end of the year.

Member: The Korean Won dropped 50% today.

MZ: We are seeing some crazy stuff in the currency world right now.

MZ: Now to the rumors. It started with a conversation with a IRS contact….then moved into vetting this from other government contacts……it appears  they have been notified that they have to update their emergency contacts by the close of day Friday.

MZ: From the bond side- they are telling me they very much expect their 1% by Christmas. I believe things are heating up.

MZ: the whole market froze today- like a deer in a headlight. Powell did his best to implode everything today with his indecision.

Specialists Suggest Restructuring Some Banks Similar To Government Ones, 20 DEC

 Specialists Suggest Restructuring Some Banks Similar To Government Ones

 
Economical 12/19/2024  Al-Sabah: Hussein Falih  Experts and specialists in financial and banking affairs stressed the need to redouble efforts aimed at restoring customers’ confidence in banks, stressing that  
this step would absorb the accumulated cash mass and increase the volume of deposits,
 
calling at the same time for the restructuring of some private banks similar to government ones.
 
Financial advisor Abdul Rahman Al-Sheikhli told Al-Sabah: 
The Iraqi banking system was suffering from many problems, especially before 2003 as a result of the lack of private banks,
 
but after 2003 work expanded to establish many banks, but
 
most of them did not keep pace with international systems and standards, so it was You suffer from a lot of problems. Al-Sheikhly added that
 
restructuring
 
during the last year and a half, specifically after the imposition of US Federal sanctions on some banks, all of them began seeking to restore their status in a manner consistent with international standards, stressing the
 
necessity of restructuring some banks in order to be supported by  international standards. The financial advisor pointed out the
 
Hoarding money
 
necessity of restoring trust between the banking institution and the customer, as
 
it was lost a long time ago,
 
which prompted citizens to hoard their money outside banking channels for the purpose of preserving its timely disposal, because
 
some private banks due to
 
     circumstances beyond their control,
     mismanagement, and
     other matters.

It kept the citizen away from the banks. The spokesman pointed out

Electronic systems
 
the necessity of 
     moving completely towards automation and the
     use of modern electronic devices in a manner commensurate with the large size and responsibility undertaken by banking institutions, stressing that
 
in the recent period these banks have begun to change their work towards electronic systems according to the government’s directions. Al-Sheikhli explained that the
 
Sound system
 
Prime Minister recently focused on a very important aspect, which is 
     restructuring government banks, first, and
     then private banks, where  
government banks began, especially in the Rafidain Bank, and the 
completion rate for this project reached the range of 74 to 75 percent, and
what remains is only less than 25 percent and perhaps It will be completed soon, so 
we will have a wonderful model of a very sound banking system that we can adopt and emulate in other banking institutions.
 
Serious steps 
For his part, the expert in financial and banking affairs, Mustafa Akram, said in an interview with “Al-Sabah”:  The government has begun serious steps to rehabilitate and develop the Iraqi banking system, as  most banks, especially private ones, suffer from backwardness as a result of monetary policies, indicating that the   government has focused on
 
     automating the work of banks and introducing a
     system Electronic payment in order to develop the Iraqi banking system.
 
Digital transformation
 
It is noteworthy that the Association of Private Banks recently announced an increase in deposits in the banking sector during the last two years, while  indicating the government’s great interest in the recent period regarding digital transformation in general and the shift towards an electronic payment system, and that “during the last two years deposits in the banking sector increased,
 
Nearly 75 percent of the monetary mass is outside the banking system and requires a great effort to motivate citizens, companies, and institutions to use the banking system more, which is what is currently happening, but  this type of work needs to be accelerated to control financial operations in Iraq.    https://alsabaah.iq/107455-.html 

MARKZ: a redemption center/redeeming bank contact who said they are expecting to work this weekend

 

MAJEED: " We have until next Tuesday for them to pop up the rate" , 20 DEC

 Majeed KSAI

@BROTHERSTE27892

Iraq gave a timeline for the salaries to be paid.

They already transferred October and November salary to Kurdistan.

And Kurdistan, claiming there is an audit process which is giving out salaries on the new rate.

The timeline is 10 days.

starts from December 15 (as the first day) Until December 24.

The fund is already in Kurdistan and will be paid on the new rate So we have until next Tuesday for them to pop up the rate and give out salaries.

ATTAI announces its official membership in the World Tourism Organization, 20 DEC

 ATTAI announces its official membership in the World Tourism Organization

Baghdad - INA

The Association of Travel and Tourism Companies announced today, Thursday, its official joining of the World Tourism Organization.

The Association of Travel and Tourism Companies stated, in a statement received by the Iraqi News Agency (INA), that "the association has joined as a new associate member of the United Nations Tourism Organization, in appreciation of its commitment to the organization's requirements, values, objectives, principles and policies."

The head of the association, Haider Amer Al-Dajili, said, according to the statement, that “the association’s joining, in the name of the Republic of Iraq, to the United Nations Tourism Organization represents an important step towards promoting Iraqi tourism globally,” noting that “the joining will improve the work of travel and tourism companies under the umbrella of the association and interest in Iraq’s tourism infrastructure.”

He added that "joining enhances international cooperation in the field of tourism in terms of exchanging expertise with developed countries, and working to protect archaeological, cultural and environmental heritage," noting that "the Association of Travel and Tourism Companies, along with the Ministry of Culture, Tourism and Antiquities, the Tourism Authority, and all tourism institutions in Iraq from the public and private sectors, are working to develop sustainable tourism policies, and work to attract tourism investments to the country."

Al-Dajili concluded, "Choosing Baghdad as the Arab Tourism Capital for the year 2025 represents a positive turning point in the Iraqi tourism sector, and shows the path of the government, tourism institutions and the private sector supporting this important file, to prepare all requirements to invest in this event to promote and market the most important archaeological, heritage, cultural and religious landmarks in the land of Mesopotamia in general and beloved Baghdad in particular."

FIREFLY: "Mr. Sammy your boss is obligated to raise the value of your currency" @DINARREVALUATION

 

JON DOWLING: We are 3-7 days away from glory!

 🙏 Jon Dowling

 We are 3-7 days away from glory! 

Iraq is set to get the HCL into the Gazette any moment now. 

China Taiwan has to go by early January before President Trumps inauguration.

 That’s great news for the Vietnamese Dong! 

Watch for Nelson Chamisa to return shortly after President Trump does. God is good ALL the time!!👀🙏✅

Rashid: Security and stability is the cornerstone of development in the country, 20 DEC

 Rashid: Security and stability is the cornerstone of development in the country

Baghdad - INA

President of the Republic Abdul Latif Jamal Rashid stressed today, Thursday, that security stability represents the cornerstone of the country's development.

The media office of the President of the Republic stated, in a statement received by the Iraqi News Agency (INA), that "the President of the Republic, Abdul Latif Jamal Rashid, stressed during his reception of the Minister of Interior, Abdul Amir Al-Shammari and his accompanying delegation, at the Baghdad Palace, that security stability represents the cornerstone of development and political and economic stability in the country."

The President of the Republic pointed out that "protecting the security of citizens is a duty and a shared responsibility that requires more cooperation and coordination between security institutions and agencies."

He explained that "during the meeting, the security file and the measures taken to control the borders, confront the existing challenges in light of the developments in the region, and the efforts made by the ministry and its formations to control internal security were discussed."

He pointed out that "the Presidency of the Republic, based on its role in promoting justice and implementing the principles of the Constitution and the law, contributed to the release of approximately (15) thousand detainees whose sentences had ended," stressing "the importance of adopting human rights standards in prisons and detention centers."

The President of the Republic called for "combined efforts to reduce the spread of drugs in society, and joint work to raise awareness among all groups of their social dangers."

The Minister of Interior appreciated "the President's continuous support for the Ministry and its staff," explaining "the Ministry's efforts to develop its security plans and strategies in order to keep pace with current challenges and enhance security throughout the country."

MAJEED: " We have until next Tuesday for them to pop up the rate" @DINARREVALUATION #iraqidinar

 

The President of the Republic and the Undersecretary of the Ministry of Finance discuss the 2025 budget, 20 DEC

The President of the Republic and the Undersecretary of the Ministry of Finance discuss the 2025 budget

Baghdad /NINA/ -President of the Republic Abdul Latif Jamal Rashid discussed with the Undersecretary of the Ministry of Finance, Ribaz Hamlan, today, Wednesday, the federal budget for the year 2025 and its provisions.

The media department of the Presidency of the Republic said in a statement: "President Rashid received Hamlan at the Baghdad Palace, and congratulated him on the occasion of assuming his new position as Undersecretary of the Ministry of Finance, wishing him success in his work duties." 

The statement continued: "The meeting discussed the financial and economic aspects in the country, and the necessity of continuing the path of economic reform to ensure the provision of the best services to citizens and achieve sustainable development." 

It added: "The federal budget for the year 2025 and its provisions were discussed, and the importance of determining priorities and visions was emphasized, working to maximize resources and reduce expenses, and the necessity of developing the banking sector, and improving the performance of government and private banks, in a way that enhances economic stability." / End