FRANK26: Soon I will be receiving thousands of locations where you will be able to exchange#iqd

 

IMPORTANT IRAQ NEWS: ECONOMIST: ELECTRONIC FINANCIAL TRANSACTIONS SAVE IRAQ FROM CASH SHORTAGE WITH MNT GOAT COMMENTS, 10 JAN

 ECONOMIST: ELECTRONIC FINANCIAL TRANSACTIONS SAVE IRAQ FROM CASH SHORTAGE

Economic researcher Diaa Abdul Karim said on Thursday that the shift towards electronic financial transactions and generalizing this to all government and private transactions will save the country from a shortage of cash.

(WELCOME to the 21st century!… lol..lol..lol.. 😊)

Abdul Karim told Al-Maalouma, “Most countries in the world, and Europe in particular, have moved towards electronic financial transactions, such that the culture of dealing with electronic cards in buying and selling in various sectors has been created in society, and even With the decline of its economy, it will not suffer financially because its financial transactions are electronic.”

He added, “These transactions make it unnecessary for governments to print currency continuously, as this process is financially costly. Iraq prints some denominations domestically and other denominations of currency are printed abroad, and printing them costs the financial value of this currency.”

(I’d say 1/6 of a penny per note is not a large cost. That’s six notes per penny. What do you think? This article is a joke. Sorry but I have to say it like it is. Unless you are referring to the value of a new currency not yet issued? 😊 )

He explained that “the move towards electronic transactions requires intensive education in order to withdraw the cash mass from the street and to transform transactions, especially large amounts, through electronic cards. Consequently, the citizen will not be forced to withdraw large amounts from banks in order to buy a property, a car, etc., but will use his card to transfer money to the other party, which ensures the safety of financial transactions and prevents the cash mass from being wasted and taken out of the banking framework.” 

JEFF: IRAQ IS PREPARING TO THEIR NEXT STEP THAT IS TO REVALUE THE CURRENCY, 10 JAN

 Jeff  

Up Until, through the end of September...was the government's busiest time period for having and holding sessions of parliament, getting record steps done, all in preparation for them to revalue. 

 Since September they only got a few odds and ends done. 

 Why so little?  Because they have a rate change date and they are working around that date...awaiting the revaluation...

In this month of January you're witnessing them on a small level starting to implement their banking reforms via what they're doing through the currency auctions.

  That's another critical preparation step for them to revalue the currency.

JENTEL NOTES : A RATE WAS POSTED TO PAY CONTRACTORS AT $3.92 ‪@DINARREVALUATION‬ #iraqidinarinvestor

 

FRANK26: "LOL LOL LOL...", 10 JAN

 KTFA

FRANK26: "LOL LOL LOL..."..........F26

 

A guarantor of zeroing out crises.. Parliamentary demands to legislate the oil and gas law

 

1/7/2025
 

Information / Baghdad.. 
 

The Kurdistan National Union parliamentary bloc called on the federal government, on Tuesday, to expedite and send the oil and gas law to the House of Representatives for study and approval as quickly as possible. 
The bloc's spokesperson, Susan Mansour, said in a statement to Al-Maalouma Agency,  "The enforcement of the oil and gas law is sufficient to eliminate the problems between Baghdad and Erbil," noting that "the law was very late in being included in the central government." 

She added, "The enactment of the law requires political understandings between the governments of Baghdad and Erbil to resolve the outstanding problems between the two parties."

Mansour pointed out that "there are parliamentary demands for the government to send a draft oil and gas law to the House of Representatives for study and approval in accordance with what is stipulated in the State Administration Coalition Agreement." 

 

 

LINK

 

 

TIDBIT FROM FRANK26, 10 JAN

 Frank26 

  Soon I will be receiving, god willing, thousands and thousands of locations where you will be able to exchange.

 Not the ones where you call the US Treasury, where they tell you all the banks in America where you can exchange.   Not that one. 

 The one where the CBI is releasing thousands of banks all across the world.  Those banks are going to collect the 3 zero notes...Michigan and California are the number one states.