Finance Discusses With Ernst & Young The Organization And Restructuring Of The Ministry’s Banks And Companies, 13 JAN

Finance Discusses With Ernst & Young The Organization And Restructuring Of The Ministry’s Banks And Companies

Earth News/ Today, Friday, the Ministry of Finance discussed with the international auditing firm (Ernst & Young) the organization and restructuring of the ministry’s banks and companies.

A statement from the ministry, which was received by Earth News, stated, “Minister of Finance, Taif Sami Muhammad, chaired an expanded meeting with representatives of the international company Ernst & Young, which specializes in auditing and financial consulting, in the presence of the general directors of the Rafidain and Rasheed banks, the Agricultural, Industrial and Real Estate Bank, and the national and Iraqi insurance companies, in order to determine a work plan and proceed.” “With steps to merge and organize a number of the ministry’s institutions and restructure them in line with the objectives of the ministry’s financial and banking sector reform policy.”

He added, “The meeting discussed the draft submitted by Ernst & Young regarding the organization and restructuring of the Rafidain and Rasheed banks and the merger of the National and Iraqi Insurance companies, and discussed the proposed plan and implementation stages and determined the frameworks of the contract and drafted them in a manner consistent with the priorities of reform and development, as well as discussing the study submitted by the company and diagnosing Obstacles to transformation, financial and legal solutions and treatments that ensure the integrity of the merger and structuring process.”

The Minister of Finance explained that “the Ministry has a program to restructure government banks and is working on it in cooperation with the Central Bank of Iraq and the relevant international organizations,” adding that “the process of merging, structuring, and introducing modern financial technologies will push towards making Iraqi banks internationally and locally accepted and responsible for providing services to the system.” Government finance and individuals simultaneously, determining the roles of banks and subcommittees, and determining contract durations.” 

Sami added, “The Ministry’s vision includes a comprehensive review and evaluation of the work of banks, and carrying out structural administrative reforms, which include providing a package of integrated banking services to citizens and companies and making them more consistent with the national economy that supports achieving sustainable economic development.”

The Minister of Finance stressed “the necessity of benefiting from the expertise of reputable international companies, which can play an effective and essential role due to their expertise and consultations in charting the correct path for the projects implemented by the Ministry in accordance with its financial policy that conforms to international standards and specifications.”

It is worth noting that Ernst & Young is considered one of the leading international companies, possessing extensive experience and achievements in this field to regulate the work of financial institutions, and has a solid professional history through its review of many central banks, commercial banks, and major companies in the region and the world.

https://earthiq.news/archives/320220

"RV UPDATE" BY MILITIAMAN, 13 JAN

 Militia Man 

 Al-Alaq said he was going to delete the zeros/the project to delete the zeros off the exchange rate.  What did Al-Sudani say?  He said the dinar would be stronger than the dollar.  What did Salih say?    He said they were going to have a major announcement.  We're going to see if all three of those guys are telling the truth or not.  I have a feeling they are...

Accounting started January 1st.  Taxation in the dinar, commercial trading in the dinar was supposed to start on the 1st.  We're going to have to watch them expose how this rolls out.  

 Iraqi stock exchange soars 97%. The other day we talked about what 52% and that was a pretty bold statement for them to say that.  Now they're talking about 97% annual gain as an indication of economic upswing.. .

 The oil & gas law is a very important and is considered to be integral to the citizens needs and the economic development of the country. They stop short of telling us what came of the oil & gas law today. Why? 

...One reason would be that there is exchange rate sensitivity with respect to the law...An exchange rate to be one that is stronger than the dollar  (Per Al-Sudani) will help largely in that regard. So, yesterday they were focusing on the importance of this law and with urgency. A very good sign!!!

Iraqi Dinar 🔥 Surprise Move For Big Exchange Rates Today 2024🔥 iraqi din...

Among them are Al-Rafidain and Rashid. Finance Minister: We have a program to restructure state banks, 13 JAN

Among them are Al-Rafidain and Rashid. Finance Minister: We have a program to restructure state banks

Finance Minister Taif Sami revealed on Friday that there is a program to restructure government banks.

The Ministry of Finance said in a statement received by NRT Arabia, a copy of it, that “the Minister of Finance chaired an extensive meeting with representatives of the international company, Ernst and Young, who are concerned with auditing and financial consulting, in the presence of the general managers of Rafidain and Rashid banks, the Agricultural, Industrial and Real Estate Bank, and the national and Iraqi insurance companies, in order to determine an action plan and initiate the steps of integrating and organizing a number of the ministry’s institutions and restructuring them in line with the objectives of the policy of reforming the financial and banking sectors in the ministry.”

She added, “The meeting discussed the draft submitted by Ernst & Young related to the organization and restructuring of Rafidain and Rashid banks, the merger of the national and Iraqi insurance companies, discussing the proposed plan, the stages of implementation, determining the contract frameworks and formulating them in accordance with the priorities of reform and development, as well as discussing the study submitted by the company and diagnosing the obstacles of transformation, financial and legal solutions and treatments that ensure the integrity of the merger and structuring process.”

The Minister of Finance explained, according to the statement, “the Ministry has a program to restructure government banks and is working on it in cooperation with the Central Bank of Iraq and the competent international organizations, adding that the process of integration, structuring and introduction of modern financial technologies will push towards making Iraqi banks internationally and locally acceptable to provide services to the government financial system and individuals at the same time determine the roles of banks and subcommittees and determine contract periods,” pointing out that “the ministry’s vision includes a comprehensive review and evaluation of the work of banks and conducting structural administrative reforms, involving providing a package of integrated banking services to citizens and companies and making them more in harmony with the national economy supporting sustainable economic development.”

Sami stressed “the need to benefit from the expertise of discreet international companies, which can play an effective and fundamental role due to their expertise and consultations in charting the correct course for projects implemented by the ministry in accordance with its financial policy conforming to international standards and specifications.”

The statement added that “Ernst & Young is one of the leading international companies, and has extensive experience and achievements in this field to organize the work of financial institutions and has a sober professional history through its review of many central banks, commercial banks and major companies in the region and the world.”

https://www.nrttv.com/ar/detail3/21718

"RV UPDATE BY GOLDILOCKS, 13 JAN

Goldilocks and Seeds of Wisdom

Today, spot Bitcoin ETF will begin Trading on the Global Markets. Yesterday’s announcements and official adoption of Bitcoin ETFs and today’s official launching of this new asset class marks the beginning stages of our new digital economy.

We are witnessing history in the making, and a new Global Economic pathway into the future. A spiritual corridor has been opened within the hearts and minds of the human race allowing access to parts of ourselves never accessed before.

It is in our creative endeavors such as these that access the highest aspects of our human potential.

We are witnessing the evolution of humanity as we embark on a journey uniting both Heaven and Earth.

May God Bless us as we move forward into the great unknown, and may we always hold fast to the notion that none of us ever walk alone.

Reuters Link

© Goldilocks

Iraqi Dinar🔥Set To Received New Exchange Rate And Lower Denoms Today 202...

IT CREATES PRETEXTS TO KEEP ITS FORCES IN IRAQ.. AMERICA STRIKES THE STRATEGIC FRAMEWORK AGREEMENT WITH IRAQ BY MNT GOAT, 13 JAN

IT CREATES PRETEXTS TO KEEP ITS FORCES IN IRAQ.. AMERICA STRIKES THE STRATEGIC FRAMEWORK AGREEMENT WITH IRAQ

American forces left Iraq in 2011 after the strategic framework agreement stipulating the departure of these forces and the retention of advisors and trainers. However, the entry of ISIS terrorism into Iraq opened the door to the return of these forces under the name of the International Coalition Forces.

The goals of the project for which I was present quickly became clear, which was to stand against any force that would threaten the security of the Zionist entity, ensure the fulfillment of American interests, and take Iraq as a launching pad to carry out attacks on any targets determined by Washington, whether inside or outside Iraq, and thus throw the Strategic Framework Agreement to the side and remain inside. Iraq is a service to the Zionist project.

Member of the Parliamentary Foreign Relations Committee, Karim Al-Muhammadawi, told Al-Maalouma, “The continued American presence inside Iraq requires taking all measures to ensure the removal of these forces, through popular and parliamentary pressure and government decision.”

He added, “All American military bases must be attacked by the Iraqi people, in response to the American disregard for the lives of Iraqis and the continuation of a series of crimes committed by these forces against the people, national symbols, and security agencies.”

He pointed out that “the bombing of bases and exerting pressure on American forces must be reinforced with massive demonstrations throughout Iraq, to ​​expel these forces and ensure that they do not return to the country again.” 

On the other hand, former MP Rasul Radi told Al-Maalouma, “America will not give up its influence and presence inside Iraq, as the strategic agreement signed in 2008 and implemented in 2011 drew fixed and broad lines for the American forces and stipulated that only consultants and trainers for the services would remain.” Security on new weapons.

He added, “The return of American forces at the request of the Iraqi government in 2014 prompted Washington to change its position, as it did not adhere to the terms of the strategic agreement and established multiple military bases in Iraq, one of which is (Ain al-Assad), which is used as a weapon and a striking hand for the Zionist entity against the opposition and resistance forces that reject the project.” Zionists against the Palestinian people.

He pointed out that “the presence of American forces inside Iraq aims to implement an (Israeli) project before there is any other project.”

On the other hand, the leader of the State of Law coalition, Haider Al-Lami, confirmed to “Al-Ma’louma” that “the Iraqi parliament had previously voted to remove American forces from Iraq, and there is an urgent need to exert pressure from the House of Representatives, especially those demanding the removal of American forces, in order to implement This decision and push the government to remove these forces based on the Council’s decision.”

He pointed out that “America, with the Pentagon’s admission, left Iraq in 2011, and said at the time that (Al-Maliki expelled us from Iraq), but it returned from the net after it created the terrorist ISIS and brought it to Iraq and provided it with protection, with the aim of destabilizing security and stability.”

(Can you see the propaganda against American forces in Iraq. This is a double-edged sword. We all know the US destabilized the entire middle east region attacking Iraq and it was wrong. But now how do you clean up the mess and deal with the problems? How do you leave Iraq? )

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/