LATEST FROM WALKINGSTICK, 7 SEPT

  Walkingstick 

  They got stability and security. Sudani has been bragging about it...Lift the three zeros has to do with the value, then not with the value, back and forth, back and forth, it has to do with the value and then, no it doesn't have to do with the value.  The articles are contradicting. 

 They are lies.  They are misleading with a purpose.  

 Walkingstick  

Article: "Two conditions to achieve it .. Al-Sudani's advisor rules out removing 3 zeros from the currency"

  These articles, this misleading, is intentional right now...Contradicting statements are found throughout all of these statements, all of these articles...The 25 note has to become a 25k note? 

 There isn't even a 25 note...When did Iraq last have a 25 note?  Never.

--

 Walkingstick  

[Iraqi bank friend Aki update] 

Question:  You're asking us why we are not talking to you about these [lower note] commercials.  Can you tell us more about them? 

 AKI:  Yes, they are coming out.  This is the media campaign we told you about.  It's getting faster and faster and louder and louder.  

The purpose is to show the citizens the new lower notes and more information. 

 These commercials are coming out at any time now...Nothing is in the way to block this next step.  It is a massive media campaign.  

[[Iraqi bank friend Aki update]

New York is to remove the red tape that the United Nations is still holding on the banks of Iraq that are not participating in the monetary reform.  

These sanctioned banks may stay sanctioned or be shut down completely. 

 It really doesn't matter to the monetary reform process but this is something that is needed to be done.

https://dinarevaluation.blogspot.com/2024/08/lower-notes-yes-they-are-coming-out-by.html

"THE UAE DOES NOT DEAL WITH PROGRAM RATES, STOP & THINK ABOUT THIS." BY FRANK26, 7 SEPT

 KTFA

FRANK26: "THE UAE DOES NOT DEAL WITH PROGRAM RATES, STOP & THINK ABOUT THIS."......F26

Iraq moves towards signing comprehensive economic agreement with UAE

9/3/24

 

 Baghdad
 

Prime Minister Mohammed Shia al-Sudani stressed, on Tuesday, the importance of continuing bilateral efforts towards signing a comprehensive economic agreement between Iraq and the UAE.

His media office stated in a statement received by "Al-Eqtisad News" that "Al-Sudani received today the new UAE Ambassador to Iraq, Abdullah Matar Al-Mazrouei."

The statement added, "The meeting witnessed discussion of bilateral relations between the two countries, which are progressing at various levels, and ways to enhance distinguished cooperation in many fields, in a way that achieves common and mutual interests between the two brotherly countries."

Al-Sudani referred to "the efforts made by the UAE to enhance its cooperation with Iraq, especially in the strategic development road project, which constitutes a link between Iraq's neighbors and the countries of the region, in addition to its long-term economic importance."

He stressed "the importance of continuing bilateral efforts towards signing a comprehensive economic agreement between the two countries."

LINK

THIS INFO IS COMING STRAIGHT FROM FAMILY INSIDE IRAQ BY GINGER, 7 SEPT

 GINGER

 Anonymous Friend - (THIS INFORMATION IS COMING STRAIGHT FROM FAMILY INSIDE IRAQ ) ⬇️

➡️ A lot of Iraqis have set eyes on the lower denoms but not in the hands of most as yet...

💢Ginger: Is it the new lower denominationss, per our conversation last week, or possibly the older notes just being circulated which we shared with GLL? 

Are they setting eyes on them in the TV educational updates or something different? 

Just trying to better understand.

 I'm just thinking how can they be "seeing them" while not "touching" them in case we're asked questions?

💢Anonymous Friend: It is the new, lower denoms in page form, uncut is what has been seen..

💢Ginger: This absolutely means it's not the older notes - but the newer notes are getting primed and ready to be implemented. Very interesting!!! 9.4.24 

~ Ginger's Liberty Lounge

Iraq's Banking Revolution: A New Era Begins!

Specialists: Governance And Transparency Are “Important Axes” For Activating Banking Performance, 7 SEPT

 Specialists: Governance And Transparency Are “Important Axes” For Activating Banking Performance

 
Economical 09/04/2024  Baghdad: Hussein Thaghab   Economic specialists believe that governance and transparency are important axes for activating banking performance in the country. Islamic banking expert Sadiq Al-Shammari said on the sidelines of a session of the General Council of Islamic Banks and Institutions, attended by Al-Sabah:
 
The importance of governance as a modern means aims to preserve the financial system.

We stop at governance in Islamic banks, its importance, its mechanisms, and the guiding principles issued by the General Council of Banks and Financial Institutions.  Al-Shammari added to “Al-Sabah” that

“the financial technology revolution and
 
the great development in digital transformation, such as the
     spread of electronic payments,
     artificial intelligence, and
     data analysis,
 
have contributed to facilitating the provision of financial services directly by financial technology institutions,”
 
noting the importance of “banks working to adapt themselves.” With the rapid digital changes, changing work methodology, and creating flexible solutions to serve its customers more effectively.”
 
He called for "adopting a number of initiatives and activities that contribute to the growth and development of Islamic banks and financial institutions, for example the growing interest in cybersecurity and major risks."
 
He pointed to the necessity of issuing the Islamic Economic Encyclopedia, which includes all the Sharia provisions that Islamic banks need to be a reference for fatwa and Sharia oversight bodies in strengthening governance in Islamic banks, as well as conducting more studies and research on governance, especially in the Islamic sector, to deepen its understanding and importance, especially with regard to The role of members of Sharia supervisory boards in enhancing governance in Islamic banks.
 
He stated that the importance of governance is clear from its objectives, which are to
 
     achieve transparency and
     justice and
     grant the right to hold the managements of banks and financial institutions accountable, thus
     achieving protection for all shareholders and shareholders,
     taking into account the interests of business and workers, and
     limiting the exploitation of power for purposes other than the public interest, leading to the
     development of investments and savings,
     maximizing shareholders’ profits, and
     achieving Sustainable development for the development of society, and
 
the presence of an effective system capable of providing trust and combating corruption in Islamic financial institutions, including Islamic banks, will bring them greater success and support the expansion of their operational operations, although
 
this requires supporting what the departments related to governance within financial institutions do.

In turn, Islamic banking expert Mohamed El-Beltagy pointed out the importance of adhering to Sharia controls, the nature of the relationship with depositors, and
 
the multiple financing formulas that are part of the focus of Islamic banking and have become the focus of attention of a wide segment of the world’s societies, leading to the application of the rule of sharing in profits and losses and correcting the money document.
 
Al-Beltagy warned that governance and transparency are important axes in solidifying the performance of the banking system of any country, enhances the development of work joints, and leads to achieving goals according to what was planned.    https://alsabaah.iq/102145-.html   

MILITIAMAN CC HIGHLIGHTS NOTES, 7 SEPT

Highlights

• 🌍 Iraq is focusing on improving its currency payment system and exploring digital solutions.
• 💰 Removing zeros from the currency is linked to enhancing economic stability, not just value.
• 🔍 Central Bank of Iraq collaborates with international firms for compliance and audits.
• 📈 Political and economic stability are crucial for the success of Iraq’s currency reform efforts.
• 🏛️ Iraq is attracting foreign investments, showcasing its improved diplomatic relations.
• 🚀 The upcoming years are pivotal for Iraq as it seeks to enhance its market and currency value.
• 🏖️ Tourism is becoming a significant revenue stream, with Iraq promoting its historical sites.

Key Insights

• 🔗 Digital Transformation: Iraq’s shift towards electronic and digital payment systems indicates a modernization effort that can improve financial efficiency. This aligns with global trends where countries are embracing technology in banking. 🌐
• ⚖️ Economic Stability: The removal of zeros from the currency is not merely about increasing value but is essential for simplifying financial transactions and enhancing economic reporting. This reflects a deeper understanding of modern economic management. 📊
• 🔒 International Compliance: The Central Bank’s agreement with Ernst & Young for audits emphasizes Iraq’s commitment to transparency and international banking standards, which is vital for rebuilding trust with foreign investors. 🔍
• 🌱 Investment Climate: Iraq’s diplomatic efforts to attract foreign investments are crucial for economic recovery and growth, particularly in the wake of political stability. This could lead to an influx of capital and development projects. 💼
• 🏛️ Cultural Tourism: Iraq’s rich history and sites are becoming increasingly attractive to tourists, which can diversify its economy away from oil dependency and create new revenue streams. This shift could be instrumental in fostering economic resilience. 🏰
• 📅 Future Prospects: The next few years are critical for Iraq’s economic transformation, as it aligns its policies with international standards and seeks to elevate its currency’s status on the global stage. ⏳
• ⚠️ Counterfeit Risks: The focus on counterfeiting during currency reforms underscores the importance of maintaining integrity in the financial system, as any lapses could undermine public confidence and hinder economic progress. 🚫

🚨 Breaking News: U.S. Greenlights Iraq's International Status! 💵