Iraqi Dinar Conversation | Dropping the 3 zeros article | Delta translat...

LINK TO THE NEWS ARTICLE THAT DELTA IS DISCUSSING: 

http://www.non14.net/public/163518

Central Bank: We Addressed All The Problems Facing The Electronic Payment System, 17 JAN

 Central Bank: We Addressed All The Problems Facing The Electronic Payment System

  Economical 01/17/2024   Baghdad: Hussein Thaghab  The Central Bank revealed that it is addressing the problems facing the electronic payment system, in coordination with financial institutions, indicating at the same time that  the system is moving towards stability.

The Director General of the Information Technology and Payments Department at the bank, Adnan Asaad, told Al-Sabah:

“The year 2023 witnessed the most important breakthrough in the field of electronic payment, and the

Iraqi government seriously supports the efforts being made in detailing the development of electronic payment,” noting that  “follow-up is continuing from Before parliamentary and governmental bodies to advance the reality of electronic payment.

Asaad expressed his great optimism in the year 2024, as it will be the year of achieving great achievements in the field of electronic payment, stressing that  the crisis that has befallen the country due to the poor use of cards and electronic payment tools has left a negative impact, but

thanks to the measures taken in cooperation with international financial institutions, many issues have been addressed. Of the problems and that  the electronic payment system has tended to stabilize.”

For his part, Member of Parliament Hussein Arab stressed the  necessity of activating the role of the private sector and  making it a basis for the process of economic advancement,

which requires the presence of advanced financial services that rise to global standards, pointing out that the world has come a long way in digital transformation and we must keep pace with the developments that the world is witnessing in this field. the important.

As for the Executive Director of the Association of Private Banks in Iraq, Ali Tariq,  he stressed the continuation of efforts to enhance the culture of electronic payment, which represents a governmental and legislative direction for the next stage.

He pointed out that the Association of Banks and Large Financial Institutions is working to spread the culture of electronic payment  because it realizes the importance of digital transformation and providing quality services to all segments of society, especially since Iraq is a market that requires great efforts due to the large volume of transactions.

As for the Investment Director at the International Smart Card Company, Ahmed Kazem,  he explained the importance of digital transformation and thatit should be coupled with the launch of advanced electronic payment products that maintain money paths with high transparency.

He stressed that  government support for the digital transformation process facilitates many operations and makes services rise to global standards in providing advanced products that suit the growing Iraqi labor market.

The founder of the (Electronic Payment Culture in Iraq) platform, Nabil Al-Najjar, stressed that Iraq cannot move away from the global financial system,

especially since it is an important axis in the global economic arena, which requires us to work to keep pace with the global developments that the world is witnessing in the financial sector, which represents the axis. The most important in the process of economic development.

 He stressed that the country is moving in the right direction in the field of digital transformation, and  the most important thing in this axis is the citizen’s interaction with electronic services, the spread of which is expanding in an acceptable manner.   https://alsabaah.iq/90589-.html

"RV UPDATE " BY WOLVERINE, 17 JAN

 
Tues. 16 Jan. Wolverine:

 “Things are happening.  Dubai 1 got released and finalized and Dubi 2, not sure if it finalized or not, but it is getting finalized and funded. When Dubai 1 and Dubai 2 are both finalized, then things will happen quickly.

 It is the nucleus for things to start and this cascades our liquidity. In Brazil it is already taking place (Liquidity). 

Whales getting travel expenses to go where they need to go to receive their blessing. 

This is a good sign. Other whales got their notifications and are to receive their blessings this week. Tomorrow I hope to hear more news, as we are waiting to get the notifications this week for the Tier4B group.”

Pimpy get hit 😜😜😜😜😜

"RV UPDATE" BY GOLDILOCKS, 18 JAN

GOLDILOCKS 

Iraqi Banking Announcement:   A new decision from the Central Bank (document)

 01-14-2024 | 15:58   Baghdad  According to a document issued on January 9, 2024, the Central Bank directed licensed banks to allow borrowers to repay debts in Iraqi dinars.

~~~~~~~~~~

"Cosmos-based Layer 1 blockchain Injective   INJ +1.37% has released a main net upgrade named Volan. Central to the upgrade is the integration of a software module focusing on real-world assets (RWA)."

Here we go. The production and movement of real-world assets are currently being interfaced or connected to the QFS through Volan.

Individuals, institutional investors, and users will be able to use these products. Tokenized fiat currency pairs (foreign exchange opportunities), treasury bills, and exclusive credit products are just some of the items that will be included in this network.

Digital Transmission of voice, video, data, and other network services over digitalized circuits are some of the ways communication takes place over the QFS to complete and finalize transactions between two parties.

Volan is and has been in the process of expanding its networks to other networks around the world. There are many ways a network can populate and connect to other real-world assets on other networks.

The world is changing in ways none of us could have even imagined and creating a new Financial landscape that has never been possible until now.

Gold makes every bit of this possible. It will give real-world assets a real value allowing the QFS to make accurate mathematical calculations that will allow transactions to go through efficiently and rapidly over secure networks. This is why gold in hard assets is being stored around the world in central banks to achieve this worldwide transition.    (https://www.theblock.co/price/248408/injective-inj-usd)

© Goldilocks
The Block Link 
NY Sun Link

Two Iranians, one of whom was present near the house of the Kurdish businessman who was bombed in Erbil, were arrested, 17 JAN

 Two Iranians, one of whom was present near the house of the Kurdish businessman who was bombed in Erbil, were arrested

Shafaq News / A source in the local police in the city of Erbil, the capital of the Kurdistan region, said at dawn on Tuesday, the arrest of two Iranians on suspicion of involvement in spying for the Revolutionary Guards in targeting several city sites late last night in Erbil.

The source told Shafaq News that the people arrested an Iranian at 11:00 last night inside a mosque in Erbil on suspicion of spying, where they handed him over to the security forces.

The parents arrested this person inside the mosque and handed him over to the security forces.

He added that a second Iranian was arrested inside a cemetery near the house of the businessman (Peshro Dzii), indicating that the detained Iranian was carrying two mobile phones.

An official security source said earlier this morning that a well-known businessman died as a result of the bombing launched by the Iranian Revolutionary Guards, which targeted various locations in the city of Erbil, the capital of the Kurdistan Region.

Among the victims was the businessman (Bishro Dziy) who was confirmed to have died with him and his wife, the source told Shafaq News.

The same source had told Shafaq News, earlier in the day, that a number of strikes targeted the house of the Kurdish businessman (Bishro Dziy), owner of the Empire complex and a number of commercial and investment companies.

For his part, a member of the political bureau of the Kurdistan Democratic Party, Haimin Horami, said in a post on the “X” website that the unexplained attacks launched by the Iranian Revolutionary Guards tonight in Erbil targeted a civilian home. The owner of the house (Peshro Dzei) and four members of his family were martyred.”

The Revolutionary Guards had claimed responsibility for the strikes that targeted Erbil and said in a statement that they came “in response to the crimes of the Zionist regime against the Islamic Republic, the latest of which was the killing of a number of Guard commanders by Zionist fire. A main Mossad spy headquarters in the Kurdistan region of Iraq was targeted and destroyed by ballistic missiles.”

“This main Zionist center was responsible for the development and launch of espionage operations and the planning of terrorist activities in the region, especially against Iran,” the statement added.

At dawn today, the Kurdistan Regional Security Council promised the rocket shelling launched by the Iranian Revolutionary Guards, which targeted areas of a city in the city of Erbil, a “flagrant violation of the sovereignty” of the region and all Iraq.

The Council said in a statement today that at 11:30 on the night of January 16, 2024, the Iranian Revolutionary Guards bombed several civilian areas in Erbil, which unfortunately, according to the initial outcome, killed 4 civilians and injured six others, some of them in unstable health.

The statement added that the Iranian Revolutionary Guard announced that the attack targeted several sites of anti-Iran groups, pointing out that this excuse is unfounded and we reject it, and unfortunately they always use unfounded excuses to attack Erbil.

“Erbil as a stable region has never been a source of threat to any party,” the statement stressed.

The statement added that the strikes launched by the Revolutionary Guards on Erbil “are a flagrant violation of the sovereignty of the territory and Iraq, and the federal government and the international community should not be silent about this crime.”

https://shafaq.com/ar/كوردســتانيات/اعتقال-يرانيين-حدهما-كان-متواجدا-قرب-منزل-رجل-الاعمال-الكوردي-الذي-تعرض-للقصف-ب-ربيل

"RV UPDATE" BY SANDY INGRAM, 17 JAN

 Sandy Ingram   

 There are 4 major reasons Kuwait, Iraq's next-door neighbor has the strongest currency in the world...Kuwait dinar is $3.36... 1.  Major exporter of oil.  Kuwait is estimated to hold 10% of the world's oil reserves.  The tiny country has a population of 4.3 million people vs Iraq who has approximately 43 million people and a lot more oil than Kuwait.  2.  Kuwait has an excellent reinvestment of oil revenue.  Kuwait uses its oil revenue to build infrastructure and develop microeconomic sectors to increase its GDP.

What will it take for the Iraqi dinar to strengthen against the US dollar?  

Imagine a country as a business.  The Gross Domestic Product (GDP) is essentially its annual report showcasing the value of all goods and services produced.

  A high GDP indicates a booming economy...The currency rate on the other hand is a bit like a company's share price.  It's the global market's way of saying how much it thinks that...country is worth.

 The stronger the currency, the more confidence the world has in the country's economic stability and growth potential.   How does a GDP affect a country's currency rate?  

Simply, a higher GDP signals a stronger, productive economy.  This attracts foreign investors, who need to buy the country's currency to invest.  This surge in demand for the currency increases its value, or 'rate'...A rise in Iraq's GDP implies a healthier economy and a potential increase in the dinars value.   

https://dinarevaluation.blogspot.com/2024/01/rv-update-by-sandy-ingram-7-jan.html

 What would it take for the Iraqi dinar to strengthen against the US dollar?  The answer lies in economic development and stability.  The Development road project...aims to boost Iraq's GDP by improving infrastructure, fostering foreign investment and stimulating economic growth... With the right steps and sustained growth the dinar's narrative can only get stronger.

 The Iraqi dinar is not on the Forex market, yet.  The Iraqi dinar is an exotic currency, as is the Vietnam dong... Currencies are traded in pairs on the Forex Market.  The 3 main types... majors, minors and exotics...The more liquid an asset the easier and more efficient it is to turn it back into cash.  Major currency pairs have the highest trading volume... Exotic currencies...are not traded that often.  There is little technical analysis or data available to support trading decisions for exotic currencies.

https://dinarevaluation.blogspot.com/2024/01/rv-update-by-sandy-ingram-6-jan.html