Iraq Sees a Surge in Electronic Fuel Payments, Paving the Way for Digital Adoption, 9 JAN

Iraq Sees a Surge in Electronic Fuel Payments, Paving the Way for Digital Adoption

In a decisive move towards digitization, Iraq’s Oil Products Distribution Company has declared a substantial increase in fuel supply rates via electronic payment cards. Hussein Talib, the firm’s General Manager, unveiled these figures, marking a significant milestone in the nation’s journey towards embracing digitized payment systems.

Triumph of the Trial Phase

The electronic payment solution was initially introduced in Baghdad in April of the previous year and has since expanded to other governorates. An impressive sales growth was reported, leaping from 35 million dinars in the debut month to a staggering 350 million dinars by November. This exponential rise in sales is a testament to the successful trial phase of the service.

Complete Transition on the Horizon

According to Talib, the first quarter of the current year is slated to see a complete shift to electronic payments across the country. The Oil Products Distribution Company has teamed up with licensed electronic payment companies authorized by the Central Bank of Iraq (CBI). This strategic coordination aims to facilitate the transition and ensure a smooth shift for all stakeholders involved.

Embracing the Benefits of Digital Payments

Talib has appealed to Iraqi citizens to adopt the digital payment method for fueling. His call to action emphasizes the need for users to familiarize themselves with the service and understand its benefits. As Iraq steps into a new era of digitized transactions, this move could be a significant catalyst for the nation’s digital economy.

https://bnnbreaking.com/world/iraq/iraq-sees-a-surge-in-electronic-fuel-payments-paving-the-way-for-digital-adoption/

TNT CC VIDEO, 9 JAN

 

Breaking News Baghdad Stock Exchange Adopts NASDAQ System - Iraq Opens D...

Iraq Poised to End US-led Military Coalition Amid Shift Towards Sovereignty, 9 JAN

 Iraq Poised to End US-led Military Coalition Amid Shift Towards Sovereignty

In a profound shift towards national sovereignty, Iraq is setting the stage to terminate the presence of the U.S.-led international military coalition within its territory. The Prime Minister of Iraq, in a move indicative of dwindling needs for foreign assistance, has announced this decision amidst a significant drop in violence.

An End to The US-led Coalition

The U.S. military coalition, a force established to combat the threat of ISIS, has been operating in Iraq under increasingly strained circumstances. The tensions have escalated following recent airstrikes and growing discord with Iran and its proxy groups. The decision to expel U.S. troops places Iraq on a delicate balance between maintaining a united front against ISIS and removing a perceived adversary of its allies from the region.

Iran has voiced support for Iraq’s initiative to end the presence of the coalition, a move catalyzed by a U.S. strike that led to the death of a pro-Iran commander in Baghdad. Prime Minister Mohamed Shia al-Sudani’s government, surviving on backing from Tehran-aligned parties, has condemned the attack as a ‘blatant aggression’ and is resolved to bring a halt to the coalition’s presence.

Repercussions on Regional Stability

Prime Minister al-Sudani’s announcement of the withdrawal of foreign military forces, including the coalition led by the U.S., has repercussions beyond Iraq. This decision, a response to the U.S. strike in Baghdad that resulted in the death of a Shiite group commander, has provoked retaliation from local Iraqi and Syrian militias. The decision could also impact U.S. military bases in Syria, possibly affecting their capacity to supply troops in the region.

Shaping National and Global Politics

As Iraq navigates the complexities of the political landscape and decision-making process, the country’s move directly influences the global order. The withdrawal of U.S. forces could significantly impact the stability of the region, posing new challenges for the Iraqi government. Furthermore, this decision offers new perspectives on the delicate interplay of power, ambition, and geopolitical dynamics globally.

https://bnnbreaking.com/politics/iraq-poised-to-end-us-led-military-coalition-amid-shift-towards-sovereignty/

BRICS Initiates Chinese Yuan’s Rise BY AWAKE-IN-3D , 9 JAN

 BRICS Initiates Chinese Yuan’s Rise: JP Morgan Says Potential End for the US Dollar

On January 7, 2024
By Awake-In-3D

The BRICS alliance continues making financial waves as JP Morgan hints at a significant geopolitical currency shift. The Chinese Yuan’s rise, gaining momentum, emerges as a plausible alternative to the once-dominant US Dollar.

BRICS De-Dollarization Plans Has Potential

In a steady turn of events throughout 2023, BRICS has strategically revealed its de-dollarization plans, openly aiming to diminish the U.S. dollar’s hegemony.

The alliance’s commitment to promoting local currencies has set the stage for a profound transformation in the global financial landscape.

JP Morgan Analysts: Yuan’s Rise as a Game-Changer

JP Morgan, a financial services Goliath, has weighed in on the matter, highlighting China’s Yuan as a potential game-changer in the quest to dethrone the US Dollar.

Alexander Wise, a strategic researcher at JP Morgan, emphasized the Chinese Yuan’s rise taking a central role in the global economic shift.

Wise elaborated, stating, “With China’s growth centrality in global commerce, one might naturally expect the renminbi to assume a greater role in the global economy over time.”

To solidify its position, China is strategically implementing measures such as relaxing capital controls, opening markets, and promoting market liquidity.

BRICS’ Decisive Moves: Data Speaks Louder than Words

The BRICS alliance has not merely expressed intentions but has taken tangible steps towards reducing the US dollar’s significance.

Noteworthy data reveals that 25% of Russia’s non-China trade was settled in the Yuan, showcasing a tangible shift in trade dynamics.

Additionally, a colossal $7 billion currency swap agreement between China and Saudi Arabia amplifies the potential acceleration of the Yuan’s ascent.

Implications for the Dollar’s Future

As the Yuan gains traction, the US Dollar faces the prospect of a gradual decline in its international standing.

The combination of BRICS’ strategic initiatives and JP Morgan’s analysis positions the Yuan as a formidable contender, challenging the once-unquestioned dominance of the US Dollar.

In a landscape marked by continuous financial transformations, the rise of the Yuan signifies a potential turning point in the Great Global Fiat Debt Currency System, aligning with the ongoing narrative of a global financial reset.

The question now lingers: Can the Yuan truly emerge as the harbinger of change, signaling the logical conclusion of the existing fiat currency order?

Contributing article: https://www.jpmorgan.com/insights/global-research/currencies/de-dollarization

Very important message about the Iraqi dinar 01/08/23 BY PIMPY

Iraqi PM emphasizes security and stability in Dhi Qar governorate, 9 JAN

Iraqi PM emphasizes security and stability in Dhi Qar governorate

Shafaq News/ On Monday, Iraqi Prime Minister Mohammad Shia Al-Sudani met with security and military leaders in Dhi Qar Governorate.

According to Al-Sudani’s media office, the prime minister highlighted the importance of “preserving the security and stability in Dhi Qar,” considering it a “fundamental pillar for development economic progress.”

The Prime Minister called upon the security services to fulfill their duties to “protect the investment projects in the governorate and their workers.”

https://shafaq.com/en/Iraq-News/Iraqi-PM-emphasizes-security-and-stability-in-Dhi-Qar-governorate