World Bank: Iraq’s electronic payment systems infrastructure among the best in the region, 7 FEB

World Bank: Iraq’s electronic payment systems infrastructure among the best in the region

Economy News – Baghdad

The Governor of the Central Bank, Ali Mohsen Al-Alaq, discussed today, Wednesday, with a delegation from the World Bank headed by the Director of the World Bank Office in Iraq, Richard Abdel Nour, reform programs for the stability of the financial sector in Iraq, while the latter praised the measures to facilitate financial transfers.

The Central Bank’s media said, in a statement received by “Economy News”, that “Al-Alaq received a delegation from the World Bank headed by the Director of the World Bank Office in Iraq Richard Abdel Nour, and during the meeting, they discussed strengthening bilateral cooperation between the Central Bank of Iraq and the World Bank and discussed electronic payment projects, financial inclusion, as well as reform programs to promote the stability and development of the financial sector.”

The two parties also discussed “the support of the World Bank to provide advice in the establishment of the Riyada Bank, which is dedicated to financing small projects in Iraq with the support of the International Finance Corporation.”

In turn, the World Bank delegation praised “the procedures of the Central Bank of Iraq in facilitating financial transfers to various segments in Iraq,” noting that “the infrastructure of electronic payment systems and software systems in Iraq are among the best systems in the region.”

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Added 2024/02/07 – 1:57 PM

https://economy-news.net/content.php?id=40237

"RV UPDATE" BY MARKZ, 7 FEB

 MarkZ 

  [via PDK]  “Vietnam pushes the Us to grant them market economy status”  This could lead to the increase of the value of the Vietnamese dong.  The US state dept has called upon Vietnam to raise the value of their currency.

I have had so many people in the banking world telling me this is our month. Nobody knows the timing but my gut is screaming they are spot on.  I think we are in our last few weeks …or days.

 In Iraq we are being told “Denomination specimen sheets” are being shown in banks in Iraq. This is a sheet showing the new money and pictures of all the features on the new lower denominations...If Iraqi banks are indeed doing this…we are awfully close.

Good morning IQD friends BY NADER FROM MID EAST

JUDY NOTES, 7 FEB

 Timing of Global Currency Reset and Restored Republics:

• Tues. 6 Feb. Bruce: Tier4b notification could come out at noon on Wed. 7 Feb. at the same time in each time zone. One source said Tier4b will be going in for exchanges by Thurs. 8 Feb.
• Sat. 10 Feb. was the beginning of the Chinese New Year and when BRICS countries would be informed of their new currency rates, plus Tier4b funds that were deposited on Wed.7 Feb. would be liquid in Paymaster Accounts by Sat. 10 Feb.
• On Thurs. 15 Feb. 2024. Tier4b exchanges and bond redemption will wrap up.
• Tues. 6 Feb. MarkZ: A currency dealer was talking about what they can and could no longer buy. The ones that have suddenly disappeared from the market …that are restricted and they cannot buy right now …this is a large scale buyer and they can no longer buy Iraqi dinar, Vietnamese dong, Venezuelan bolivar or Iranian Rial from their normal source. This is an international group that purchases currency.  There probably still are some already at dealers but they will have a hard time replenishing supplies right now….if this doesn’t go very quickly.
• Sat. 3 Feb. Wolverine: “It has started. Lawyers who have close contact with Paymasters say that the funds were in Paymaster Accounts. Dubai 1 funds (Sovereign nation funding) have all been released. Dubai 2 funds (Tiers 2,3) were released on Sun. 4 Feb. Dubai 3 funds were about to be emptied.”

https://dinarchronicles.com/2024/02/07/restored-republic-via-a-gcr-update-as-of-february-7-2024/

BRUCE HIGHLIGHTS, 7 FEB

 Tues. 6 Feb. 2024 Bruce, The Big Call The Big Call Universe (ibize.com)  667-770-1866, pin123456#, 667-770-1865

• Tier4b notification could come out at noon on  Wed. 7 Feb. at the same time in each time zone.
• It will be a Shotgun rollout over 12-16 hours.
• Rates at Redemption Center will be higher than at banks
• The new Currency Rates are locked and loaded on bank screens right not and will be locked and loaded at Redemption Centers on Wed. 7 Feb.
• One source said Tier4b will be going in for exchanges by Thurs. 8 Feb.

https://dinarchronicles.com/2024/02/07/restored-republic-via-a-gcr-update-as-of-february-7-2024/

Iraqi Dinar | February Month of RV IQD Revaluation Imminent | Iraqi Dina...

Iran announces debt settlement of Islamic Development Bank in cooperation with Iraq, 7 FEB

 Iran announces debt settlement of Islamic Development Bank in cooperation with Iraq

The head of the Foreign Investment Organization of Iran reported on Tuesday that Tehran has settled its debts to the Islamic Development Bank of $300 million in export revenues to Iraq.

Ali Fikri, in a statement reported by Iranian Elina, pointed out that “the majority of direct investment comes from Russia, the UAE, China, Turkey, Iraq, India, Oman and other countries,” saying “about $10 billion and 600 million dollars of capital entered the country two years ago.”

He announced the settlement of Iran’s debts owed to the Islamic Development Bank and said: We have paid all debts owed to international institutions, and he completed: We paid the debts owed to the Islamic Development Bank through Iraq.

Iran’s debts to the Islamic Development Bank amounted to $300 million and all of which have been settled, according to the head of the Foreign Investment Organization of Iran.

Explaining that Iran is a major shareholder of the Islamic Development Bank, Fakhri said that “negotiations for new loans began with the settlement of outstanding debts. With the payment of outstanding debts, 12 semi-completed projects in Iran have been reactivated and their implementation resumed.”

But he added, “There are still some other debts, because some of the previous debts have not yet been deferred, and these debts are still being repaid and settled. We had debts owed to the Bank of Japan and the World Bank, which were also repaid, although in the case of the World Bank, the payments had already started with the previous government.”

“Russia leads the ranking with 26%, followed by China with 18%, then then the UAE with 13%, the Iranians living abroad with 10%, Turkey with about 4%, Iraq with about 3%, India with 1.8%, Oman with 1.2%, and other countries with 20%,” said the Iranian official for the most investing countries in Iran.

https://alforatnews.iq/news/إيران-تعلن-تسوية-ديون-البنك-الإسلامي-للتنمية-بالتعاون-مع-العراق