Al-Sudani leaves Baghdad for the Netherlands on an official visit
Today, Thursday, Prime Minister Muhammad Shiaa Al-Sudani left the capital, Baghdad, heading to the Netherlands on an official visit.
A statement issued by the Prime Minister’s Media Office, received by Mawazine News, stated that “Prime Minister Muhammad Shiaa Al-Sudani left the capital, Baghdad, heading to the Netherlands.”
He pointed out that "the visit came after an official invitation from the Dutch side." link
Interesting information.!!!
FROG
Today I decided that I was going to go to several banks just to verify what we have all been hearing. So I went to the first bank it was Wells Fargo.
The manager told me that she has been with the bank for 17yrs, I kid you not, she said 17yrs and she has heard about the Iraqi Dinar the whole time she has worked there and she thinks it's a scam. At that moment I decided that was not the bank for me so I thanked her and left.
Next I went to a 2nd bank, another Wells Fargo. They told me that they do Foreign Currency Exchanges but not the Iraqi Dinar and probably never will exchange the dinar.
At that moment I decided that was not the bank for me so I thanked him and left.
My 3rd stop was Chase Bank.
A man from one of the cubicles approached me and asked if he could help. I said I would like to speak with the manager. He said she is in a meeting but I could wait for 5-10 minutes and she will be available. He said while your waiting is there something I can help you with. I said it's about foreign currency so I would prefer to talk to the manager.
He said come with me I can get you going in the right direction. I said have you heard about the revaluation of the currency.
He said YES i have. I said do you believe it is going to happen so.
He said, yes I do. I asked if they exchange at the branch or send it out. He said we do everything at this branch.
I asked if they exchange Iraqi Dinar, he said not at the moment but we have some customers like you. I said OK what does that mean.
He said how much do you have and I said I am not comfortable sharing that information. He said not a problem is it over 100,000 because if it is I will schedule you an appointment with an advisor and someone else (I forget the title of the 2nd person).
If it's below 100,000 it would be with someone different.
I have an appointment with 2 people tomorrow (not to exchange) but meet with them.
He said get all your questions and information together for your meeting. I thanked him and left feeling much better that the information we are being told is really happening.
AN ECONOMIST SHOWS THE PROS AND CONS OF SWITCHING TO ELECTRONIC FINANCIAL PAYMENT
From an 11-25-2023 article. Do you remember it?
Information/private..
Today, Saturday, the economic expert, Nasser Al-Kanani, explained the pros and cons of the expected shift to dealing with electronic payment methods via bank cards, while he stressed that taking this step will open another door to corruption at gas stations.
Al-Kanani said in an interview with the Maalouma Agency, “The shift to electronic payment at gas stations will contribute to increasing the sale of oil derivatives outside government and private stations due to the absence of a culture of electronic payment and the ignorance of most citizens of this new mechanism,” wondering about “how the government deals with taxis that need to enter the stations on a daily basis.”
He continued, “There are positives from the decision, which is considered a qualitative leap in the field of banking and keeping pace with the global development of electronic payment methods,” pointing out that “the step is positive if it is implemented correctly by the concerned authorities and citizens.”
He added, “Taking this step will open another door to corruption at fuel stations and will exacerbate smuggling operations,” noting that “it is necessary to exclude the taxi category because the number is very large compared to the procedures for depositing money and filling from stations and other operations.”
The Council of Ministers for the Economy had confirmed the activation of the electronic payment service, as the decision stipulated that the system enjoys a high level of protection and security, reduces time and effort, and contributes to stimulating the movement of the economy, facilitating the procedures for granting a license to collect bank cards, and exempting all electronic payment (POS) transactions from… Taxes, amid a positive step and not without negativity towards developing the banking sector and electronic payment methods to keep pace with the outside world, in addition to converting financial transactions from cash to electronic.
https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/An Egyptian Delegation Expresses Its Desire To Invest In Iraq.. What Did It Say To The Sudanese?
money and business Economy News – Baghdad Today, Wednesday, during its meeting with the Prime Minister, Muhammad Shiaa Al-Sudani, a delegation of Egyptian investors expressed its desire to work in Iraq through the available investment opportunities in the fields of infrastructure and the pharmaceutical industry.
Al-Sudani’s media office stated, in a statement received by Al-Eqtisad News, that the latter “received a delegation of Egyptian businessmen and investors, who specialize in infrastructure projects, the housing sector and the pharmaceutical industry. Al-Sudani welcomed the delegation,” stressing “Iraq’s keenness to sustain bilateral cooperation relations with... Egypt and its private sector.
Al-Sudani pointed to "expanding the horizons of cooperation in various fields, which came as a result of the continuation of mutual visits and the activation of joint committees. It also embodies Iraq's economic openness towards the Arab and global environment, and the opening of windows of cooperation with major Arab and foreign companies."
For their part, the members of the Egyptian delegation expressed their "desire to work in Iraq through the available investment opportunities, in the fields of infrastructure and the pharmaceutical industry, cooperation with the Iraqi private sector, and building economic partnerships that are in the interest of the two brotherly countries."Views 72 02/14/2024 https://economy-news.net/content.php?id=40450
