Monday, February 19, 2024
The Central Bank Of Iraq Reveals The Mechanism For Granting License Applications For Electronic Payment Companies, 19 FEB
The Central Bank Of Iraq Reveals The Mechanism For Granting License Applications For Electronic Payment Companies
February 18, 2024 The Central Bank of Iraq revealed the mechanism for accepting and studying applications for granting licenses to electronic payment companies, confirming the continued receipt of licensing applications.
The Central Bank specified that the applicant, whether a natural or legal person, must have at least three years of experience in the field of electronic payment and the payments industry, and this includes the founders and participants, indicating that the application includes a detailed explanation of the added value to the electronic payment sector in Iraq that will be provided by the company to be licensed.
Especially in the field of modern collection techniques and enriching the Iraqi market with distinguished and applicable service.
The bank stressed the necessity of submitting a request for a detailed technical feasibility study of what the company to be licensed will provide, pointing out that the request includes the minimum standards for accepting applications for obtaining a license to operate as an electronic payment service provider, in addition to what is stated in the electronic money payment services system No. (3). For the year 2014.
The bank confirmed that it will reject all applications that do not meet the aforementioned licensing conditions.
:diamonds: To view the minimum standards for accepting applications to obtain a license to operate as an electronic payment service provider. Click here. https://cbi.iq/static/uploads/up/file-17082531764307.pdf
Central Bank of Iraq information Office 18 - February – 2024 https://cbi.iq/news/view/2515
"RV UPDATE" BY TEXAS SNAKE, 19 FEB
TEXAS SNAKE
While Banker insists there is no guarantee that one or more countries can delay the revaluation at this point in time all seems positive to receive conformation to proceed with notifications from Reno in the morning or at least this week.
I know there is a call tonight which I plan on listening to but in advance the banker texted me that he would nave info in the morning that he would call me with around 10:00 am tomorrow. He did not indicate it was the start times for u just some additional info.
While I have no control over this room or what is allowed or deleted the banker has advised he will have information he will share during my church service in the morning.
Well the banker is very hopeful that no more snags develop this upcoming week and his staff can begin scheduling appointments and we can be completely finished with exchanging by months end. He will so advise ASAP as soon as he knows.
Tier4b will receive notification around the first of next week and be able to set appointments starting Thurs. 18 Jan.
https://dinarevaluation.blogspot.com/2024/02/rv-update-by-texas-snake-19-feb.html
"ANALYSIS OF IRAQ NEWS: "NOT AT A PROGRAM RATE BECAUSE THE EVIDENCE IS SO PROFOUND!!!" BY FRANK26, 19 FEB
Frank26: "NOT AT A PROGRAM RATE BECAUSE THE EVIDENCE IS SO PROFOUND!!!"...........F26
Sudanese Advisor: Iraq is on the cusp of a transitional stage in the development of promising economies globally
2/17/2024 Baghdad
On Saturday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, explained the six principles launched by Prime Minister Muhammad Shiaa Al-Sudani, to maximize value chains and sustain the development momentum in the country, while stressing that Iraq is on the cusp of a transitional stage in the development of promising economies globally.
Saleh said, in a statement reported by the official news agency and seen by Al-Iqtisad News, that “Iraq, with its large natural resources, is ranked ninth in the world after countries such as the Russian Federation, the United States of America, and the Kingdom of Saudi Arabia, and today it is on the cusp of a transitional stage in the development of economies.” “It is promising for development at the global level. Indeed, international studies estimate that the share of one square kilometer of natural resources relative to the area of our country is the highest in the world.”
He added: “Within the framework of the state’s philosophy of partnership with the private sector, there is a great investment momentum accompanied by high technological capabilities that suit the developments of the new digital era in the world, all of which seek, through international partnerships, to maximize investment, integration and cooperation opportunities in our country as an important part of the policy of Iraq’s integration into "Global economy to achieve prosperity for the Iraqi people and diversify sources of investment and national income in our country."
He continued: "In all cases, the national private sector today has priority to support and provide the necessary sovereign guarantees in keeping with the climate of guarantees obtained by international investments," pointing to "a new development era for Iraq that leads to the diversification of sources of income through investment in diverse wealth." natural and human resources, launching the manufacturing industry, and supporting agricultural efforts to maximize value chains with different technologies.”
He pointed out that "maximizing value chains in Iraq and sustaining development momentum stems from the six principles launched by the Prime Minister, in his recent meeting in the Netherlands with international businessmen and investors, which he summarized as follows:
The first principle: economic reform in all areas of the economy without relying on oil.
The second principle: Supporting farmers in expanding the use of modern technologies in the field of water and benefiting from international experiences, especially Dutch ones.
The third principle: The state seeks to provide sovereign guarantees to the private sector, amounting to 85% of the project value, to ensure the transfer of modern international industries, technologies and services to our country.
The fourth principle: Launching the operation of the Grand Al-Faw Port in the year 2025, as a foundation for development and economic progress that is integrated with the development path strategy, noting that the fifth berth of the port has been docked by one of the international ships.
The fifth principle: Reforming the financial and banking sector to put it on a competitive foundation commensurate with international compliance standards, as financial and banking reform is the introduction to the government’s reform program to link the effective finance sector to development programs and the speed of their implementation and progress.
The sixth and final principle: The desire of the global financial and banking market to open branches of its banks and activities in Iraq, which enhances the financing and investment environment and the integration of the Iraqi economy with the global economy.
He concluded by saying: "It is the message of the six principles launched by the Prime Minister to the global economic community to inaugurate another development era in Iraq, the goals of which are to diversify the national economy through partnership between the state and the private sector." LINK
The Role of GCR Elders and Their Humanitarian Cause – Including BRICS by AWAKE-IN-3D, 19 FEB
The Role of GCR Elders and Their Humanitarian Cause – Including BRICS
On February 18, 2024
By Awake-In-3D
At the core of the Global Currency Reset initiative is a group unlike any other in the financial world: the Elders and strategic allies forming within BRICS.
This is the fourth segment of the GCR Origins article series. Previous segments can be found here: Part 1, Part 2, and Part 3.
The Elders, stewarding vast gold reserves intended for the betterment of humanity, represent a stark departure from the typical players in global finance.
Their approach is not driven by profit or power but by a commitment to humanitarian benefit and the spiritual legacies of their families and peoples.
Their plan to use gold reserves for backing currencies and supporting global economic and humanitarian initiatives is underpinned by a philosophy of stewardship rather than financial domination.
The Elders’ vision transcends mere economic reform. It is imbued with a spiritual dimension, reflecting a deep understanding of the interconnectedness of all life and the responsibility that comes with great wealth.
Their plan to use gold reserves for backing currencies and supporting global economic and humanitarian initiatives is underpinned by a philosophy of stewardship rather than financial domination. This philosophy acknowledges the historical accumulation of wealth through centuries of conflict and aims to rectify past injustices by redistributing this wealth for the public good.
The Elders’ approach challenges the prevailing economic orthodoxy, advocating for a system that values integrity, transparency, and the welfare of all beings.
This shift represents a significant turning point in human history, offering a path away from greed-driven economics towards a model that honors our collective heritage and responsibility to future generations.
However, the successful implementation of their vision requires vigilance. All of us must endeavor to ensure that the transition to an asset-backed financial system does not replace one form of domination with another.
The Elders’ commitment to using their wealth for humanitarian purposes must be carefully monitored to prevent the emergence of new hierarchies or forms of exploitation.
In embracing the Elders’ proposal, we are not just agreeing to a financial reset; we are endorsing a fundamentally different way of relating to wealth, power, and each other.
This path invites us to imagine a world where financial systems serve the highest good, reflecting the spiritual and ethical values that many of us aspire to live by.
Global Impact, BRICS and What Lies Ahead
The global impact of the Global Currency Reset (GCR) spearheaded by the Elders and their allies is monumental. It signals a shift from a world financial economy dominated by debt and speculative finance (the casino banking structure) to one grounded in real assets and equitable distribution of wealth.
This transition is not just about changing the way money is created and valued; it’s about redefining the principles that underpin our global economy.
The BRICS alliance represents a significant move towards this new financial paradigm.
By challenging the dominance of Western financial institutions and proposing alternatives like the New Development Bank, a new cross-border payment system (BRICS PAY), the Shanghai Gold Exchange, non-dollar oil and gas trade, and possibly creating their own common trade currency, the BRICS alliance underscores the growing dissatisfaction with the dominant Western financial system and the desire for economic independence.
Moreover, the existence of the Asian gold troves, long sought after and contested by various Western powers, adds a tangible dimension to the GCR.
These gold reserves, real and substantial, offer a stark contrast to the non-tangible nature of fiat currency, illustrating the possibility of a more stable and sustainable economic foundation.
However, the transition to a new financial system is fraught with uncertainties. The timing and specifics of such a monumental shift are inherently unpredictable.
The role of individuals and communities in this financial transition cannot be overstated. The ultimate success of the GCR will depend on the engagement and vigilance of the global citizenry.
Yet, the undeniable fact remains that the global fiat currency debt system will collapse with mathematical certainty.
The question to ask is, “what will replace the current system once it reaches its logical conclusion (crash)?”
Despite these uncertainties, there is a palpable sense of momentum towards change.
The anecdotal evidence and investigative information that have come to light recently lend credibility to the notion that a global financial reorganization is underway.
This reorganization aims to restore balance and integrity to a system long plagued by exploitation and inequality.
The role of individuals and communities in this process cannot be overstated. The ultimate success of the GCR will depend on the engagement and vigilance of the global citizenry.
It is up to us to stay informed, to question the status quo, and to advocate for a financial system that serves the many rather than the few.
The challenges are significant, but so are the opportunities.
To be concluded in Part 4: Final Thoughts on the GCR Today
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ANALYSIS OF IRAQ NEWS: "SUDANI DECLARES IRAQ SOVEREIGN & FREE!!!"." BY FRANK26, 19 FEB
Frank26: "SUDANI DECLARES IRAQ SOVEREIGN & FREE!!!"............F26
Al-Sudani discusses with members of the US Congress the end of the international coalition’s mission and the transition to bilateral relations
2/17/2024
Prime Minister Muhammad Shiaa Al-Sudani discussed, with members of the US Congress, today, Saturday, the end of the international coalition’s mission in Iraq.
Al-Sudani’s media office stated in a statement received by {Al-Furat News} that “Prime Minister Muhammad Shia’ al-Sudani received four members of the US Congress, namely: Mike Turner, McKeirl, Joe Wilson, and Gerry Connolly, on the sidelines of his Excellency’s participation in the 2024 Munich Security Conference.” .
The statement added, "During the meeting, bilateral relations between Iraq and the United States were discussed, and ways to enhance constructive cooperation, as well as a number of files and issues of common interest were reviewed. The meeting also touched on the ongoing dialogue regarding ending the mission of the international coalition in Iraq, after the arrival of the security forces." Iraq has reached an advanced stage of readiness and high performance, and the transition to broad bilateral relations between Iraq, the United States of America, and the rest of the coalition countries.”
The Prime Minister stressed, "the necessity of developing relations between the two countries at various levels and sectors, without limiting them to the security aspect only," pointing to "the state of recovery that Iraq is going through, the reforms it is witnessing in various economic and financial sectors, and the progress of concluding integrated economic partnerships with countries in the region." "And the world, which will contribute to promoting development and achieving stability for the country."
For their part, members of the US Congress indicated their "interest in the success of the Iraqi government in several aspects," stressing "the importance of Iraq and its role in enhancing security and stability in the region." LINK
Iraqi parliament to resume sessions, key laws up for vote, 23 NOV
Iraqi parliament to resume sessions, key laws up for vote Shafaq News/ The Speaker of the House of Representatives will summon members to re...
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...