Wednesday, February 14, 2024
Coffee with MarkZ and Andy Schectman. 02/14/2024
Parliamentary Oil Reveals The Reason For The Government’s Move Towards Electronic Payment At Gas Stations, 14 FEB
Parliamentary Oil Reveals The Reason For The Government’s Move Towards Electronic Payment At Gas Stations
Time: 02/12/2024 16:25:10 Read: 4,888 times {Economic: Al-Furat News} The Parliamentary Oil Committee revealed, today, Monday, the government’s approach to electronic payment at gas stations.
Committee member, Zainab Al-Moussawi, said {to Al-Furat News}:
“We, the coordinating framework, strongly support the government’s economic measures, including moving toward cash payment with electronic cards, since
electronic payments are inherently safer than paper ones, whether on the health and safety side of the transmission of viruses, or on the side of not counterfeiting.” Sukuk.” She explained,
"Bank cards provide double security from any fraud attempt, and the various controls and successive verification processes contribute to making the payment process more secure."
Al-Moussawi added, "In addition, individuals can track all their transactions online, which contributes to increasing financial awareness and improving the management of expenses and the personal budget." She pointed out that"other features of electronic payment
enhance the financial security of individuals, as carrying cash exposes people to theft and loss, while
electronic payment provides an additional layer of protection and encryption for financial transactions."
On January 30, 2024, the Petroleum Products Distribution Company, in cooperation with Rafidain Bank, launched the service of issuing electronic payment cards immediately at gas stations.
The Petroleum Products Directorate of the Ministry of Oil announced the continuation of cash payment at fuel filling stations until next April.
In its regular session, the Council of Ministers approved the following regarding commissions for electronic payment operations:
1. (The recipient bears electronic payment commissions from the private and public sectors, and the payer does not bear any electronic payment commissions), and
the government compensates a percentage (50%) of electronic payment commissions. paid by the holder (the merchant, the employer, and all private sector entities),
provided that it is used to pay the holder’s obligations to the state exclusively through electronic payment, such as renewing licenses, paying taxes, customs, fees, municipal fees, electricity fees, and everything owed to the state, and it cannot be recovered in cash in any case. Conditions.
2. Determine all electronic payment commissions (at a percentage determined by the Central Bank of Iraq), with a maximum commission limit that stops at a commission amount (the value of which is determined by the Central Bank of Iraq for both the public and private sectors) and what exceeds that without commissions, and a minimum that is exempt from commissions as well (Exempting small transactions in the public and private sectors from commissions up to a ceiling determined by the Central Bank of Iraq.
3. The contracts signed based on what was stated in the decisions of the Council of Ministers related to electronic payment, especially the decisions of the Council of Ministers (23044 and 23620 of 2023) etween state institutions and electronic payment companies, will continue to be effective until December 31, 2024, and the contracting institution may submit a reasoned request to the Central Bank of Iraq in If she wishes not to extend the approval process.
4. The decision will be re-evaluated in light of the results of the application before the end of this year 2024.
5. This decision will be implemented starting March 1, 2024.
https://alforatnews.iq/news/النفط-النيابية-تكشف-سبب-التوجه-الحكومي-للدفع-الالكتروني-في-محطات-الوقود
"RV UPDATE: "THINGS ARE MOVING" BY ROD STEEL, 14 FEB
Tues. 13 Feb. Rod Steel: Things are moving.
- It was supposed to have happened on Mon. 12 Feb. (Judy Note: liquidity did begin onMon. 12 Feb. according to Rubem Baz reporting on the Imperial Ancient Chinese Golden Dragon Family which owned the gold backing the Reset).
- Iran revalues same time as Iraq. The Iranian militia have not agreed to the revalue and they keep bombing the US bases in Iraq.
- We got into a pushing match with higher ups in the groups that now want more $$$ (supposed to be good guys but they’re still greedy). That set us back @48 hours.
- They really want this started by Feb. 15th.
- Admirals group started in Reno on Feb. 4th.
- The larger humanitarian groups (up to 3 million in size) are going 1st.
- There’s roughly 12 million currency holders worldwide.
- Some Whales in Spain & South America & other countries are under NDAs already.
- The CBI has sent the new rates to the Iraqi government.
- Med beds are to be available right after the RV – 50,000 just in the US. In 8200 locations cross country. Beds have been in existence since the 50s.
- New quantum system only recognizes gold-backed notes – out since Jan. 25th.
- Restitution payments should begin right after the RV.
- Take everything you have to RV. Over 10,000 RV centers in U.S.
- Something good could happen tonight Tues. 13 Feb.
- https://dinarchronicles.com/2024/02/14/restored-republic-via-a-gcr-update-as-of-fe bruary-14-2024/
"RV UPDATE" BY MARKZ, 14 FEB
MarkZ
[via PDK]
Once again I am going to report we are being leaned on to not talk about redemption stuff...Especially from banks who we expect to handle transactions and redemptions...They said they really need everyone to stay quiet right now. There is a whole lot I would like to say but right now it would be ill-advised. Just know that I am very happy and content about timing…and yes I think it is soon.
We got another bank story overnight from a wealth manager who is reaching out to clients saying “It is time- get everything prepared ” He means to get currency together and make certain they have ID’s updated if needed. He says they are at “Any moment now”. To me this is really encouraging as a lot of these stories are from bank personnel who used to say…”It’s a scam-don’t do it” when asked about buy foreign currency. Now they are telling me “you were right all along and get prepared”...we will not know the exact timing or the “when” until it actually happens. But they are now openly preparing many of their clients. We are hearing more and more repeat stories about this. But being leaned on hard to not share details right now.
Evening News with MarkZ. 02/13/2024
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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